Friday, August 20, 2010

Decreases for Hoboken and Downtown Jersey City This Week-Absorption Rate Update-August 20, 2010

The back and forth in the absorption rates for Hoboken and downtown Jersey City continues as the markets struggle to find their equilibrium this week.

Hoboken Absorption Rate Update 8/20/2010:

43.09 weeks vs. 46.26 weeks last week (6.9% decrease)

Downtown Jersey City Absorption Rate Update 8/20/2010:

50.05 weeks vs. 54.6 weeks last week (8.3% decrease)

Information provided by:

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

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