We've had moderate changes this week to the absoroption rates for Hoboken and downtown Jersey City. Now that we are nearing the end of November, we'll be able to create a montly total for both areas and we'll be able to see how those figures compare with October's average for Hoboken and downtown Jersey City of 35.03 weeks and 46.62 weeks, respectively.
Hoboken Absorption Rate Update 11/20/09:
34.97 weeks vs. 32.87 weeks last week (6.1% decrease)
Downtown Jersey City Absorption Rate Update 11/20/09:
46.93 weeks vs. 45.60 weeks last week (2.9% increase)
Information provided by:
Kevin Dowd
Realtor
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search MLS listings for free at: www.hobokenjersey.com
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