Friday, February 11, 2011

Hoboken and Dowtown Jersey City Absorption Rate Update-February 11, 2011

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

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