Tuesday, August 16, 2011

Hoboken/Downtown Jersey City Absorption Rate Update-August 5, 2011

Low inventories coupled with a steady stream of buyers have been helping to move properties this week.

Hoboken Absorption Rate Update August 5, 2011:

17.28 weeks vs. 26.13 weeks last week (33.9% decrease)

Downtown Jersey City Absorption Rate Update August 5, 2011:

22.49 weeks vs. 30.34 weeks last week (25.9% decrease)

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

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