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:

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