
The absorption rate is going down....down...down....for Hoboken and downtown Jersey City again this week.
Decreasing inventory coupled with increasing demand = potential price increases
Hoboken Absorption Rate Update 5/7/2010:
31.64 weeks vs. 34.77 weeks last week (9.1% decrease)
Downtown Jersey City Absorption Rate Update 5/7/2010:
48.53 weeks vs. 49.79 weeks last week (2.5% 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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