Friday, February 17, 2012

Hoboken/Downtown Jersey City Absorption Rate Update-February, 17, 2012

Inventories in Hoboken dropped four units to 230 this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City is flat this week increased 9 to 293 units.

Hoboken Absorption Rate Update-February 17, 2012

23.19 weeks vs. 20.28 weeks last week (14.35% increase)

Downtown Jersey City Absorption Rate Update-February 17, 2012

45.36 weeks vs. 42.45 weeks last week (6.86% 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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