Friday, December 17, 2010

Decreases in Absorption Rate This Week-Hoboken/Downtown Jersey City Absorption Rate Update-December 17, 2010

Inventories have been decreasing in Hoboken and downtown Jersey City over the last several weeks as demand stays the same and inventories decrease.

Hoboken Absorption Rate Update December 17, 2010:

38.14 weeks vs. 39.64 weeks last week (3.8% decrease)

Downtown Jersey City Absorption Rate Update December 17, 2010

38.58 weeks vs. 47.64 weeks last week (19.1% 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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