Friday, May 14, 2010
There was a stabilization of the absorption rate for Hoboken this week with a neglible .003% increase. We're holding steady at right around 32 weeks of inventory.
Downtown Jersey City saw an 11.09% increase this week, which is a bigger change than it has been over the last several weeks, but nothing to be concerned about at this time.
Hoboken Absorption Rate Update 5/14/2010:
31.72 weeks vs. 31.64 weeks last week (.003% increase)
Downtown Jersey City Absorption Rate Update 5/14/2010:
53.91 weeks vs. 48.53 weeks last week 11.09% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search MLS listings for free at: www.hobokenjerseycity.com
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