Friday, April 8, 2011

Absorption Rate Drops Again This Week!-Hoboken/Downtown Jersey City Pending Sales Update-April 8, 2011

There were decreases again in both Hoboken and downtown Jersey City this week. With supply decreasing and demand increasing, pricing will start to increase.

Hoboken Absorption Rate Update April 8, 2011:

34.25 weeks vs. 36.01 weeks last week (4.9% decrease)

Downtown Jersey City Absorption Rate Update April 8, 2011:

45.33 weeks vs. 46.99 weeks last week (3.5% 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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