Thursday, February 21, 2013

Monthly Stats Update-January, 2013

The absorption rate remains low for Hoboken and downtown Jersey City again this week.  I don't see this changing much until inventory starts to increase.

It's interesting to see how low the absorption rate is when compared to previous years.

There was a strong increase in sq. ft. pricing for Newport 1 BR and 2 BR condos this month.  Activity has been limited in this area as pricing is still below original purchase prices for many owners.

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
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