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
Email: info@hobokenjerseycity.com
Search listings:
www.viewhobokenhomes.com
Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com
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