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
Email: info@hobokenjerseycity.com
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