Health & Fitness
JC, Downtown Weekly Stats, Ending October 10, 2012
JC, Downtown Weekly Stats, Brought to you by Hoboken Real Estate Monitor.com and Donna Antonucci
12 Properties came on the Market This Week vs 10 Last week
205 10TH ST, JERSEY CITY, NJ
200 CHRISTOPHER COLUMBUS DR, JERSEY CITY, NJ
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133 GRAND ST, JERSEY CITY, NJ
45 RIVER DR SOUTH, JERSEY CITY, NJ
Find out what's happening in Hobokenwith free, real-time updates from Patch.
126 BRIGHT ST, JERSEY CITY, NJ
333 7TH ST, JERSEY CITY, NJ
700 GROVE ST, JERSEY CITY, NJ
389 WASHINGTON ST, JERSEY CITY, NJ
88 MORGAN ST, JERSEY CITY, NJ
88 MORGAN ST, JERSEY CITY, NJ
526 MANILA AVE, JERSEY CITY, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
526 MANILA AVE, JERSEY CITY, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
12 Properties came on the Market This Week vs 10 Last week
15 Properties Went Into Contract This Week vs 18 Last week
5 Properties Sold This Week vs 14 Last week
The Absorption rate this week is 29.40 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 5 closings this week and we have 147 active listings. So at the current rate of 5 closings per week, it would take 29.40 weeks (147/5) 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.
If you would like price per square foot numbers, please Click Here where the full weekly stats report is posted including Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price."
