Friday, June 11, 2010

Hoboken/Downtown Jersey City Absorption Rate Update - 6/14/2010

Hoboken continues to buck the trend with its shrinking inventory again this week. Downtown Jersey City is holding its own with a modest 3.4% increase.

Just as a reference point, the absorption rate was approx 37 weeks in October '09, which clearly indicates that activity has increased.

Hoboken Absorption Rate Update 6/11/2010:

25.45 weeks vs. 28.01 weeks last week (9.2% decrease)

Downtown Jersey City Absorption Rate Update 6/11/2010:

51.76 weeks vs. 50.05 weeks last week (3.4% increase)

Information provided by:

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

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