Friday, November 12, 2010

Big Drops for Hoboken and Downtown Jersey City-Absorption Rate Update-November 12, 2010

Inventory decreased again this week for Hoboken and downtown Jersey City which has helped reduce the absorption rates. Don't worry, things always slow down this time of year as people start to enjoy the holiday season...which always seems to begin earlier and earlier each year!

Hoboken Absorption Rate Update November 12, 2010:

38.20 weeks vs. 43.41 weeks last week (12.1% decrease)

Downtown Jersey City Absorption Rate Update November 12, 2010
64.86 weeks vs. 79.67 weeks last week (18.7% 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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