Friday, February 10, 2012

Rates Drop Again This Week-Absorption Rate Update-February 10, 2012

Inventories in Hoboken dropped one to 234 units this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City is flat this week at 284 units.

Hoboken Absorption Rate Update-February 10, 2012

20.28 weeks vs. 24.84 weeks last week (18.4% decrease)

Downtown Jersey City Absorption Rate Update-February 10, 2012

42.45 weeks vs. 53.48 weeks last week (20.6% 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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