Friday, August 26, 2011

Hoboken/Downtown Jersey City Absorption Rate Update-August 26, 2011

The absorption rate remains extremely low in Hoboken this week at 19.77 weeks of inventory. Overall sales inventory is down about 45% from normal levels.

Downtown Jersey City increased slightly to 35 weeks. Overall sales inventory is also down around 45%.

Hoboken Absorption Rate Update August 26, 2011:

19.77 weeks vs. 19.22 weeks last week (.028% increase)

Downtown Jersey City Absorption Rate Update August 26, 2011:

35.00 weeks vs. 31.68 weeks last week (10.47% increase)

Information provided by:

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

Search listings:

Search downtown Jersey City listings:

Follow me on Twitter:

No comments: