.

Hoboken Weekly Stats, Ending January 9, 2013

Hoboken Weekly Stats, Ending December 12, 2012 brought to you by Hoboken Real Estate Monitor.com and Donna Antonucci

23 Properties Came on the Market This Week vs 1 last week

520 JEFFERSON ST, HOBOKEN, NJ

519 WILLOW AVE, HOBOKEN, NJ

224 JEFFERSON ST, HOBOKEN, NJ

920 HUDSON ST, HOBOKEN, NJ

222 WILLOW AVE, HOBOKEN, NJ

1108 PARK AVE, HOBOKEN, NJ

222 GRAND ST, HOBOKEN, NJ

811 WASHINGTON ST, HOBOKEN, NJ

920 HUDSON ST, HOBOKEN, NJ

129 HARRISON ST, HOBOKEN, NJ

650 2ND ST, HOBOKEN, NJ

650 2ND ST, HOBOKEN, NJ

71 JEFFERSON ST, HOBOKEN, NJ

81-87 JACKSON ST, HOBOKEN, NJ

715 WILLOW AVE, HOBOKEN, NJ

603-607 MONROE ST, HOBOKEN, NJ

1021 GRAND ST, HOBOKEN, NJ

812 GRAND ST, HOBOKEN, NJ

356 3RD ST, HOBOKEN, NJ

1037 CLINTON ST, HOBOKEN, NJ

1025 MAXWELL LANE, HOBOKEN, NJ

300 NEWARK ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

8 Properties Went Into Contract This Week  vs 3 last week

4  properties sold this Week vs 14 Last Week

132 total active listings are on the market as of the date of this post. 133 are under contract.

(You must log-into the search engine and search pending and sold listings to see these property details)

The Absorption rate this week is 33.00 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 4 closings this week and we have 132 active listings.  So at the current rate of 4 closings per week, it would take 33.00 weeks (132/04) 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.

If you would like price per square foot numbers, please Click Here where the full weekly stats report is posted including Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price."

Provided by Donna Antonucci

Prudential Castle Point Realty

(O) 201-216-0909

Cell 201-240-6832

donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/

http://www.donnaantonucci.com/

www.search.hobokenrealestatemonitor.com/map/

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »