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
Email: info@hobokenjerseycity.com
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