The absorption rate dropped AGAIN for Hoboken by 11.2%. This is the lowest absorption rate that we've had in 17 MONTHS!
Downtown Jersey City increased by 4.4% this week, but isn't too bad at 46.96 weeks.
The summer sizzle is here!
Hoboken Absorption Rate Update May 27, 2011:
22.3 weeks vs. 25.1 weeks last week (11.2% decrease)
Downtown Jersey City Absorption Rate Update May 27, 2011:
46.96 weeks vs. 45.05 weeks last week (4.4% 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
Search listings:
www.viewhobokenhomes.com
Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com
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