We've experienced steady decreases in the absorption rates for both Hoboken and downtown Jersey City this week which continues to support the strength of the market in these area.
Hoboken Absorption Rate Update 5/28/2010:
28.17 weeks vs. 33.25 weeks last week (16.3% decrease)
Downtown Jersey City Absorption Rate Update 5/28/2010:
51 weeks vs. 56.06 weeks last week (9.1% decrease)
Information provided by:
Kevin Dowd
Broker/Associate
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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