Friday, August 27, 2010

Hoboken Down...Downtown Jersey City Up-Absorption Rate Update-August 27, 2010

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

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