Friday, August 13, 2010
Absorption Rate Update-Hoboken Stable This Week, Downtown Jersey City Down-August 13, 2010
The absorption rate for Hoboken was basically flat at a .005% increase this week. We're still above our highs for Hoboken, but we're stable for now.
Jersey City fared better this week with a 9.3% decrease.
Decreasing inventories for both aress, which is not abnormal for this time of the year, are helping keep the absorption rates in check.
Hoboken Absorption Rate Update 8/13/2010:
46.51 weeks vs. 46.26 weeks last week (.005% increase)
Downtown Jersey City Absorption Rate Update 8/13/2010:
49.56 weeks vs. 54.6 weeks last week (9.3% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search up for FREE local school reports and more at: www.hobokenjerseycity.com
Sign up for FREE market condition reports at:
Sign up for FREE listing updates: