Friday, March 4, 2011

Hoboken is OK-Downtown Jersey City Still Struggling with Inventory-Hoboken/Downtown Jersey City Absorption Rate Update-March 4, 2011

Hoboken was up slightly this week, but still pretty solid at 42.47 weeks.

Downtown Jersey City has been struggling over the last few weeks and the rate is a little high there at 75.27 weeks.

Hoboken Absorption Rate Update March 4, 2011:

42.47 weeks vs. 40.12 weeks last week (5.8% increase)

Downtown Jersey City Absorption Rate Update March 4, 2011:

75.27 weeks vs. 71.34 weeks last week (5.5% increase)

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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