15 Properties came on the Market This Week
vs 19 Last week
201 LUIS M MARIN BLVD, JERSEY CITY, NJ
204 6TH ST,
JERSEY CITY, NJ
227 CHRISTOPHER COLUMBUS DR, JERSEY CITY, NJ
689 LUIS M MARIN BLVD, JERSEY CITY, NJ
389 WASHINGTON BLVD, JERSEY CITY, NJ
149 ESSEX ST,
JERSEY CITY, NJ
88 MORGAN ST,
JERSEY CITY, NJ
700 GROVE ST,
JERSEY CITY, NJ
700 GROVE ST,
JERSEY CITY, NJ
352 7TH ST,
JERSEY CITY, NJ
2 2ND ST,
JERSEY CITY, NJ
88 MORGAN ST,
JERSEY CITY, NJ
389 WASHINGTON ST, JERSEY CITY, NJ
88 MORGAN ST,
JERSEY CITY, NJ
318.5 7TH ST,
JERSEY CITY, NJ. This listing is so new, listing details are only available to
subscribed users. Please log on to see listing details
15 Properties came on theMarket This Week vs 19 Last week
6 Properties Went IntoContract This Week vs 9 Last week
10Properties Sold This Week vs 5
Last week
Hoboken Real Estate Monitor.com now offers Pending and Sold Listings.
Click herehttp://hobokenrealestatemonitor.blogspot.com/p/pending-and-sold-listings.html for more information.
The Absorption rate this week is 22.30 weeks. See the attached picture of the absorption rate over
time. The absorption rate is a number that describes how many weeks it
will take to see off the current inventory at the current rate of sales.
We had 10 closings this week and we
have 223 active listings. So
at the current rate of 10 closings
per week, it would take 22.30 weeks (223/10) to sell off the current inventory. See the chart
attached as a photo to see how absorption rate has fluctuated over time.
The absorption rate is
often thought of as the factor that indicates if we are in a sellers' or buyers'
market.
Generally if there is more
than 4 months of inventory it's a buyers' market. Less than 4 months it's
a sellers' market. Prices are down but so is the inventory.
Another key factor is listing date to contract. See the quarterly review and consult an agent. Outlyers can skew these numbers.
Another key factor is listing date to contract. See the quarterly review and consult an agent. Outlyers can skew these numbers.
See the embedded document below for Price Per Square
Foot by bedroom and neighborhood so you can understand how location effects
price.
JC Stats Public PDF
Information Provided by:
Donna Antonucci
Prudential Castle Point Realty
201-240-6832 begin_of_the_skype_highlighting 201-240-6832 end_of_the_skype_highlighting
