Friday, October 16, 2009

Absorption Rate Update 10/16/09

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.

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