Friday, June 24, 2011

Absorption Rate Update-June 24, 2011

The see saw ride continues on downtown Jersey City this week with the absroption rate dropping by 30.8% this week. Buyers are picking all of the great deals!

Hoboken was essentially flat this week and still doing well.

Hoboken Absorption Rate Update May June 24, 2011:

22.85 weeks vs. 22.79 weeks last week (.0027% increase)

Downtown Jersey City Absorption Rate Update June 24, 2011:

39.98 weeks vs. 57.71 weeks last week (30.8% 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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