Health & Fitness
JC, Downtown Weekly Stats, Ending September 12, 2012
JC, Downtown Weekly Stats, Brought to you by Hoboken Real Estate Monitor.com and Donna Antonucci
21 Properties came on the Market This Week vs 15 Last week
270 MARIN BLVD, JERSEY CITY, NJ
479 MONMOUTH ST, JERSEY CITY, NJ
Find out what's happening in Hobokenwith free, real-time updates from Patch.
350 8TH ST, JERSEY CITY, NJ
1 GREENE ST, JERSEY CITY, NJ
Find out what's happening in Hobokenwith free, real-time updates from Patch.
341 MONMOUTH ST, JERSEY CITY, NJ
700 GROVE ST, JERSEY CITY, NJ
126 BRIGHT ST, JERSEY CITY, NJ
10 REGENT ST, JERSEY CITY, NJ
197 BAY ST, JERSEY CITY, NJ
45 RIVER DR SOUTH, JERSEY CITY, NJ
700 GROVE ST, JERSEY CITY, NJ
109 CHRISTOPHER COLUMBUS DR, JERSEY CITY, NJ
109 CHRISTOPHER COLUMBUS DR, JERSEY CITY, NJ
1 GREENE ST, JERSEY CITY, NJ
232 PAVONIA AVE, JERSEY CITY, NJ
45 RIVER DR SOUTH, JERSEY CITY, NJ
436 2ND ST, JERSEY CITY, NJ
20 2ND ST, JERSEY CITY, NJ
25 HUDSON ST, JERSEY CITY, NJ
336 5TH ST, JERSEY CITY, NJ
214 4TH ST, JERSEY CITY, NJ
21 Properties came on the Market This Week vs 15 Last week
15 Properties Went Into Contract This Week vs 11 Last week
5 Properties Sold This Week vs 6 Last week
The Absorption rate this week is 36.00 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 180 active listings. So at the current rate of 5 closings per week, it would take 36.00 weeks (180/5) 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."
