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:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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