28
Properties Came on the Market This Week vs
41 last week
231
GRAND ST, Hoboken, NJ
461 4TH ST, Hoboken, NJ
607 1ST ST, Hoboken, NJ
450 7TH ST, Hoboken, NJ
816 PARK AVE, Hoboken, NJ
328 GARDEN ST, Hoboken, NJ
816 PARK AVE, Hoboken, NJ
532 MONROE ST, Hoboken, NJ
402 9TH ST, Hoboken, NJ
110 WILLOW AVE, Hoboken, NJ
1500 HUDSON ST, Hoboken, NJ
1500
HUDSON ST, Hoboken, NJ
1125 MAXWELL LANE, Hoboken, NJ
18
Properties Went into Contract This Week vs 18 last week
10
Properties Sold This Week vs 10 Last Week
273 total
active listings are on the market as of the date of this
post. 227 are under contract.
The
Absorption rate this week is 27.30 weeks. See the attached picture of the
absorption rate over time. The absorption rate is a number that describes
how many weeks it will take to see off the current inventory at the current
rate of sales. We had 10 closings this week and we have 273 active
listings. So at the current rate of 10 closings per week, it would take 27.30
weeks (273/10) to sell off the current inventory. See the chart attached
as a photo to see how absorption rate has fluctuated over time.
The absorption rate is often thought of as the factor that indicates if we are in a sellers' or buyers' market.
Generally if there is more than 4 months of inventory it's a buyers'
market. Less than 4 months it's a sellers' market. Prices are down
but so is the inventory.
Another key factor is listing date to contract. See the quarterly review and consult an agent. Outlyers can skew these numbers.
Another key factor is listing date to contract. See the quarterly review and consult an agent. Outlyers can skew these numbers.
See the embedded document below for Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price.
Hoboken Stats Public PDF
Information Provided by:
Donna Antonucci
Prudential Castle Point Realty
201-240-6832
donna@donnaantonucci.com
www.search.hobokenrealestatemonitor.com/map/
Information Provided by:
Donna Antonucci
Prudential Castle Point Realty
201-240-6832
donna@donnaantonucci.com
www.search.hobokenrealestatemonitor.com/map/