Here are the absorption rates for this week:
Hoboken Absorption Rate 10/16/09:
39.32 vs. 37.36 last week (5.25% reduction)
Downtown Jersey City Absorption Rate 10/16/09:
56.35 vs. 48.27 last week (14.34% increase)
I can see no indication of the weekly changes posted here relative to last week. This is just part of the natural real estate cycle.