Friday, September 17, 2010

Decreases This Week for Hoboken and Downtown Jersey City-Absorption Rate Udpate-September 17, 2010

The absorption rate for Hoboken decreased again by 3% this week, providing further proof this week that the Hoboken market remains stable as buyers focus on the old addage "buy for location."

Downtown Jersey City's absorption rate dropped by 5% this week, but is still very hight at 72.39%

Hoboken Absorption Rate Update 09/17/2010:

34.60 weeks vs. 35.58 weeks last week (3% decrease)

Downtown Jersey City Absorption Rate Update 09/17/2010:

72.39 weeks vs. 76.60 weeks last week (5% 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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