The downtown Jersey City absorption rate did drop as I predicted this week, but the Hoboken rate spiked 18.43%. It will be interesting to see how the Hoboken rate performs next week.
Hoboken Absorption Rate Update 1/8/2010:
38.55 weeks vs. 32.55 weeks last week (18.43% increase)
Downtown Jersey City Absorption Rate Update 1/8/2010:
48.37 weeks vs. 52.16 weeks last week (7.3% decrease)
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.hobokenjerseycity.com
Get up-to-the-minute market reports:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com
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