Where is all of the inventory? There is just nothing for sale at the moment.
The absorption rate is at the lowest levels that I've ever seen. Good properties that are priced well are moving quickly.
Three bedroom pricing has been very steady lately because there isn't any good 3 BR inventory out there. Families that need three bedrooms are willing to pay for them.
Information provided by:
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Search Hoboken listings:
Search downtown Jersey City listings:
Follow me on Twitter: www.twitter.com/KevinDowdHBJC