Friday, September 30, 2011

Surprise Drop in Absorption Rates This Week-Hoboken/Downtown Jersey City Absorption Rate Update-September 30, 2011

It was a pleasant surprise to see absorption rates drop for Hoboken and downtown Jersey this week.

Hoboken Absorption Rate Update September 30, 2011:

27.29 weeks vs. 30.17 weeks last week (9.5% decrease)

Downtown Jersey City Absorption Rate Update September 30, 2011:

46.96 weeks vs. 49.53 weeks last week (5.2% decrease)

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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