The absorption rate for Hoboken decreased by an impressive 12% this week, while the absorption rate for downtown Jersey City increased by a worrysome 12%.
Are buyers turning to buying for desirable locations like Hoboken while giving certain areas of downtown Jersey City a second thought?
Hoboken Absorption Rate Update 8/27/2010:
38.49 weeks vs. 43.09 weeks last week (12% decrease)
Downtown Jersey City Absorption Rate Update 8/27/2010:
56.43 weeks vs. 50.05 weeks last week (12% increase)
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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