Friday, January 8, 2010

Hoboken/Downtown Jersey City Absorption Rate Update 1/8/2010

Inventories stabilized this week while sales dropped again due to the holiday season. We should see these rates start to drop again over the next several weeks.

Hoboken Absorption Rate Update 1/8/2010:

32.55 weeks vs. 29.10 weeks last week (11.9% increase)

Downtown Jersey City Absorption Rate Update 1/8/2010:

52.16 weeks vs. 47.22 weeks last week (10.46% increase)

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