Friday, July 22, 2011

Absorption Rate Update-July 22, 2011

Inventories have dipped again this week to levels that we haven't seen in both Hoboken and downtown Jersey City in well over 18 months.

Properties are started to sell again, but only if they're priced correctly.

Hoboken Absorption Rate Update July 22, 2011:

22.49 weeks vs. 20.52 weeks last week (9.6% increase)

Downtown Jersey City Absorption Rate Update July 22, 2011:

26.79 weeks vs. 25.52 weeks last week (4.97% 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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