Inventories in Hoboken have increased to 391 units this week and downtown Jersey City has actually decreased to 340 units. This has translated into a slight increase in the Hoboken rate and slight decrease in the downtown Jersey City rate.
Hoboken Absorption Rate Update February 11, 2011:
38.52 weeks vs. 33.33 weeks last week (15.57% increase)
Downtown Jersey City Absorption Rate Update February 11, 2011:
58.92 weeks vs. 72.37 weeks last week (22.8% 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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