Tuesday, January 3, 2012

Lowest Absorption Rate in Hoboken We've Seen in Years-Hoboken/Downtown Jersey City Pending Sales Update-December 30, 2011

This is the lowest absportion rate I've ever seen for Hoboken.  All indicators are pointing to price increases in Hoboken.

Hoboken Absorption Rate Update December 30, 2011:

 weeks vs. 17.88 weeks last week (24.1% decrease)

Downtown Jersey City Absorption Rate Update December 30, 2011

46.22 weeks vs. 57.68 weeks last week (19.9% 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

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