Friday, April 23, 2010

Decreases AGAIN for Hoboken and Downtown Jersey City - April 23, 2010

A WHOPPING 14% decrease in the absorption rate for Hoboken this week. A 35 week inventory is considered a HEALTHY and STRONG market.

Hoboken Absorption Rate Update 4/23/2010:

35.01 weeks vs. 40.67 weeks last week (14% decrease)

Downtown Jersey City Absorption Rate Update 4/23/2010:

57.86 weeks vs. 60.84 weeks last week (5% decrease)

Information provided by:

Kevin Dowd
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
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