Friday, January 15, 2010

Hoboken/Downtown Jersey City Absorption Rate Update 1/15/10

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