The absorption rates increased this week in both Hoboken and downtown Jersey City due to decreased activity in both markets. Overall, the rates are still very low for both areas, so nothing to be concerned about at this time.
Hoboken Absorption Rate Update Septebmer 2, 2011:
23.49 weeks vs. 19.77 weeks last week (18.81% increase)
Downtown Jersey City Absorption Rate Update September 2, 2011:
39.76 weeks vs. 35.00 weeks last week (13.6% increase)
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
Search listings:
www.viewhobokenhomes.com
Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com
Follow me on Twitter: www.twitter.com/KevinDowdHBJC
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