Wednesday, August 3, 2011

Hoboken/Downtown Jersey City Absorption Rate Update-July 29, 2011

Inventories for both Hoboken and downtown Jersey City dipped to the lowest levels I've seen in a long time again this week. We're still at very healthy absorption levels for both area.

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

Hoboken Absorption Rate Update July 29, 2011:

26.13 weeks vs. 22.49 weeks last week (16.18% increase)

Downtown Jersey City Absorption Rate Update July 29, 2011:

30.34 weeks vs. 26.79 weeks last week (13.25% 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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