Friday, January 1, 2010

Hoboken/Downtown Jersey City Absoprtion Rate Update 1/1/2010

The decreases this week are mostly caused by the drop in active listings due to the holdiay season and not by an increase in sales activity.

Hoboken Absorption Rate Update 1/1/2010:

29.10 weeks vs. 32 weeks last week (9.1% decrease)

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

47.22 weeks vs. 53.99 weeks last week (12.5% decrease)

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