Sunday, March 13, 2011
What a difference a week makes! Hoboken/Downtown Jersey City Absorption Rate Update-March 11, 2011
What a difference a week makes. As the market is starting to heat up inventory is coming off the market at a faster pace and is helping drive down the absorption rates.
I can't say this enough...the market is heating up and now is the time to buy!
Hoboken Absorption Rate Update March 11, 2011:
41.43 weeks vs. 42.47 weeks last week (2.56% decrease)
Downtown Jersey City Absorption Rate Update March 11, 2011:
62.45 weeks vs. 75.27 weeks last week (18.1% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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