Friday, June 3, 2011
Low Inventory, Low Absorption Rates-Hoboken/Downtown Jersey City Absorption Rate Update-June 3, 2011
Slight increases on the absorption rates for Hoboken and dowtown Jersey City this week. Nothing to worry about.
Inventories are off about 25% from this time last year which is helping to keep the abosrption rates low.
Hoboken Absorption Rate Update May June 3, 2011:
23.34 weeks vs. 22.3 weeks last week (4.6% increase)
Downtown Jersey City Absorption Rate Update June 3, 2011:
49.56 weeks vs. 46.96 weeks last week (5.5% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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