Hoboken Market

The table below reflects the Hoboken Real Estate Weekly Market update with data through July 24, 2022. Listings continue to move from Active to Pending to Sold at a steady rate. Average prices remain consistent, with new listings coming on the market every week. Hoboken remains a strong seller’s market (per Absorption Rate calculations). Absorption Rate measures the rate at which homes are sold over a given time period (30 days). A score of 5-6 is a neutral market, with anything less than 5 = Seller’s Market and anything greater than 6 = Buyer’s Market.

The Rakela Team
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