HOBOKEN WEEKLY MARKET REPORT

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.

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The Rakela Team
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