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:

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