Sunday, January 30, 2011

Decreased Inventory Continues to Help Stablilize The Absorption Rate-Hoboken/Downtown Jersey City Absoroption Rate Update-Janaury 28, 2011

Inventories are very LOW this week again for Hoboken and downtown Jersey City which is helping to keep the absorption rates very low for both areas.

There's not a lot of good inventory on the market right it's a perfect time to list your property!

Hoboken Absorption Rate Update January 28, 2011:

38.7 weeks vs. 43.67 weeks last week (11.38% decrease)

Downtown Jersey City Absorption Rate Update January 28, 2011:

63.78 weeks vs. 72.44 weeks last week (11.96% 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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