The absorption rate reminated flat for Hoboken this week which is the first time I can remember that happening.
Downtown Jersey City increased 7.7% which give additional support to conversations among my fellow realtors that things have slowed in downtown Jersey City right now.
Hoboken Absorption Rate Update October 22, 2010:
46.60 weeks vs. 46.60 weeks last week (no change)
Downtown Jersey City Absorption Rate Update October 22, 2010)
67.80 weeks vs. 62.93 weeks last week (7.7% 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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