Friday, April 30, 2010

Hoboken/Downtown Jersey City Absorption Rate Update - April 30, 2010

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