
The absorption rate is going down....down...down....for Hoboken and downtown Jersey City.
Decreasing inventory coupled with increasing demand = price increase
Hoboken Absorption Rate Update 4/30/2010:
34.77 weeks vs. 40.67 weeks last week (14.5% decrease)
Downtown Jersey City Absorption Rate Update 4/30/2010:
49.79 weeks vs. 60.84 weeks last week (18.3% decrease)
Information provided by:
Kevin Dowd
Realtor
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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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