Friday, April 16, 2010

Hoboken/Downtown Jersey City Absorption Rate Update - April 16, 2010

Hoboken avaiable inventories continue to decrease this week with a 5.1% decrease in the absorption rate. Downtown Jersey City also remains strong this week with a meager .13% decrease.

Are these increases just a seasonal adjustment or signs of an improving real estate market?

Hoboken Absorption Rate Update 4/16/2010:

40.67 weeks vs. 42.84 weeks last week (5.1% decrease)

Downtown Jersey City Absorption Rate Update 4/16/2010:

60.84 weeks vs. 60.05 weeks last week (.13% increase)

Information provided by:

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