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
Email: info@hobokenjerseycity.com
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