Friday, April 29, 2011

Absorption Rate Update-Looking Good-Hoboken/Downtown Jersey City Absorption Rate Update-April 29, 2011

There was a slight increase in the absorption rate for Hoboken this week, which doesn't really mean anything.

Downtown Jersey City dropped again this week down to 40.02 weeks.

These are both great rates and continue to show that the market is strengthening.

Hoboken Absorption Rate Update April 29, 2011:

33.47 weeks vs. 32.93 weeks last week (1.02% increase)

Downtown Jersey City Absorption Rate Update April 29, 2011:

40.02 weeks vs. 41.87 weeks last week (4.6% 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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