Friday, June 17, 2011

Hoboken/Downtown Jersey City Absorption Rate Update-June 17, 2011

There was a big increase in the absorption rate for downtown Jersey City this week. The fact that there were only 3 sales this week didn't help things!

Hoboken Absorption Rate Update May June 17, 2011:

22.79 weeks vs. 21.67 weeks last week (5.17% decrease)

Downtown Jersey City Absorption Rate Update June 17, 2011:

57.71 weeks vs. 44.75 weeks last week (28.96% 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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