Friday, October 28, 2011

Absorption Rate Update-October 28, 2011

The market has definitely slowed a bit over the last several weeks.  Properties are selling, but they're just taking slightly longer than we've seen over the last few months.

Hoboken Absorption Rate Update October 28, 2011:

32.87 weeks vs. 30.23 weeks last week (8.73% increase)

Downtown Jersey City Absorption Rate Update October 28, 2011
57.01 weeks vs. 44.65 weeks last week (27.68% 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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