Activity has been very steady in Hoboken which is supported by the low absorption rate for this week.
Downtown Jersey City is down another 13.6% for this week which is still making it a bit of a wild ride.
Hoboken Absorption Rate Update January 14, 2011:
30.5 weeks vs. 34.56 weeks last week (11.7% decrease)
Downtown Jersey City Absorption Rate Update January 14, 2011:
64.78 weeks vs. 57.02 weeks last week (13.6% increase)
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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