Inventories in Hoboken have increased again to 394 units this week and downtown Jersey City has actually increased to 347 units. This has translated into a slight increase in the Hoboken rate a decrease in the downtown Jersey City rate.
Hoboken Absorption Rate Update February 18, 2011:
37.92 weeks vs. 38.52 weeks last week (1.6% decrease)
Downtown Jersey City Absorption Rate Update February 18, 2011:
65.47 weeks vs. 58.92 weeks last week (11.1% 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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