Sunday, April 4, 2010

Hoboken/Downtown Jersey City Absorption Rate Update - April 2, 2010

Inventories in both Hoboken and downtown Jersey City increase this week as the market continues to strengthen. If this continues, the next thing we're going to see are price INCREASES!

Hoboken Absorption Rate Update 4/2/2010:

43.34 weeks vs. 53.19 weeks last week (18.52% decrease)

Downtown Jersey City Absorption Rate Update 4/2/2010:

59.52 weeks vs. 63.43 weeks last week (6.17% decrease)

Information provided by:

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