Friday, May 27, 2011

Hoboken Absorption Rate DROPS 11.2%-Hoboken/Downtown Jersey City Absorption Rate Update-May 27, 2011

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

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