Hoboken experienced a mild 6% increase this week and was minimized by a decreasing inventory for the holiday season.
The absorption rate for Jersey City decreased another 21% this week which is a positive sign, but it's still a lot higher than where I think it should be.
Hoboken Absorption Rate Update November 26, 2010:
40.07 weeks vs. 37.80 weeks last week (6% increase)
Downtown Jersey City Absorption Rate Update November 26, 2010
53.18 weeks vs. 67.17 weeks last week (21% 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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