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:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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