Friday, January 22, 2010

Hoboken Downtown Jersey City Absorption Rate Update - January 22, 2010

We're still seeing the aftershocks of the holiday season in the weekly absorption rate figures. A big component of this rate is the number of recent sales in area for the last 30 days, which was seasonally slow.

Hoboken Absorption Rate Update 1/22/2010:

47.88 weeks vs. 38.55 weeks last week (24.20% increase)

Downtown Jersey City Absorption Rate Update 1/22/2010:

58.10 weeks vs. 48.37 weeks last week (20.11% increase)

Kevin Dowd
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ
Cell: 201-606-5957
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