12
Properties Came on the Market This Week vs
10 last week
74 GARDEN ST, HOBOKEN, NJ
72 PARK AVE, HOBOKEN, NJ
728 WILLOW AVE, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
727 MONROE ST, HOBOKEN, NJ
1120 CLINTON ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
613 MONROE ST, HOBOKEN, NJ
508 1ST ST, HOBOKEN, NJ
1500 HUDSON ST, HOBOKEN, NJ
60 JEFFERSON ST, HOBOKEN, NJ
4 Properties Went Into Contract This Week vs 8 last week
15 Properties Sold This Week vs 17 Last Week
191 total active listings are on the market as of the date of this post. 198 are under contract.
74 GARDEN ST, HOBOKEN, NJ
72 PARK AVE, HOBOKEN, NJ
728 WILLOW AVE, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
727 MONROE ST, HOBOKEN, NJ
1120 CLINTON ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
613 MONROE ST, HOBOKEN, NJ
508 1ST ST, HOBOKEN, NJ
1500 HUDSON ST, HOBOKEN, NJ
60 JEFFERSON ST, HOBOKEN, NJ
1500GARDEN ST, HOBOKEN, NJ, This listing is so
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see listing details
4 Properties Went Into Contract This Week vs 8 last week
15 Properties Sold This Week vs 17 Last Week
191 total active listings are on the market as of the date of this post. 198 are under contract.
Hoboken Real Estate Monitor.com now offers Pending and Sold Listings.
Click herehttp://hobokenrealestatemonitor.blogspot.com/p/pending-and-sold-listings.html for more information.

The
Absorption rate this week is 12.73 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 15 closings this week and we have 191 active listings. So at the
current rate of 15 closings per
week, it would take 12.73 weeks (191/15) 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.
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/