The Hoboken Weekly Market Report has been updated to reflect data through 1/9/23. Listings continue to move from Active to Pending to Sold, with median days on market seeing an uptick which is typical for this time of year. New listings coming onto the market are low, keeping inventory levels down. Absorption rate (which measures how quickly inventory is moving) reflects the Hoboken Market is a Seller’s Market for Single Family, Studio/1BR and 2BR Condos, while 3BR Condos are a Buyer’s Market and 3BR Condos are considered neutral.

The Rakela Team
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