Data from Wednesday to Tuesday, Ending May 30, 2012

Hoboken

13 Properties Came on the Market This Week vs 28 last week

273 Active listings

227 Under contract

8 Properties Went Into Contract This Week vs 18 last week

10 Properties Sold This Week vs 10 Last Week

500

450

Absorption rate

400

350

300
Active listings
250

200

Sold listings last

week

150

100

50

7-Jun-11
14-Jun-11
21-Jun-11
28-Jun-11
5-Jul-11
12-Jul-11
19-Jul-11
26-Jul-11
2-Aug-11
9-Aug-11
16-Aug-11
23-Aug-11
30-Aug-11
6-Sep-11
13-Sep-11
20-Sep-11
27-Sep-11
4-Oct-11
11-Oct-11
18-Oct-11
25-Oct-11
1-Nov-11
8-Nov-11
15-Nov-11
22-Nov-11
29-Nov-11
6-Dec-11
13-Dec-11
20-Dec-11
27-Dec-11
3-Jan-12
10-Jan-12
17-Jan-12
24-Jan-12
31-Jan-12
7-Feb-12
14-Feb-12
21-Feb-12
28-Feb-12
6-Mar-12
13-Mar-12
20-Mar-12
27-Mar-12
3-Apr-12
10-Apr-12
17-Apr-12
24-Apr-12
1-May-12
8-May-12
15-May-12
22-May-12
29-May-12

The absorption rate is 27.30 weeks. That is it would take 27.30 weeks at the current rate of sales to sell off the current inventory. Last week that
was 27.40 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update May 30, 2012

South West
(South of 7th and West of Clinton)

1BR

%
33%

$/Sq Ft
$501

Sq Ft
640

Avg Price
$315,152

2BR

46%

$448

1,219

3BR

13%

$508

1,607

North West
(North of 7th and West of Clinton)

1BR

%
22%

$/Sq Ft
$472

Sq Ft
832

Avg Price
$375,340

$539,595

2B

70%

$452

1288

$577,056

$823,842

3BR

9%

$467

1,540

$720,000

South East
(South of 7th and East of Clinton)

1BR

%
26%

$/Sq Ft
$514

Sq Ft
680

Avg Price
$341,333

2BR

41%

$549

1,075

3BR

13%

$488

1,523

Data from Wednesday to Tuesday, Ending May 23, 2012

North East
(North of 7 Street and East of Clinton)
th

1BR

% $/Sq Ft
25%
$518

Sq Ft
699

Avg Price
$373,734

$614,016

2BR

53%

$571

1,088

$643,273

$744,117

3BR

9%

$653

1,825

$1,186,563

Hoboken
274 Active listings
229 Under contract

28 Properties Came on the Market This Week vs 41 last week

18 Properties Went Into Contract This Week vs 14 last week

10 Properties Sold This Week vs 11 Last Week

500

450

Absorption rate

400

350

300
Active listings
250

200

150
Sold listings last
week
100

50

7-Jun-11
14-Jun-11
21-Jun-11
28-Jun-11
5-Jul-11
12-Jul-11
19-Jul-11
26-Jul-11
2-Aug-11
9-Aug-11
16-Aug-11
23-Aug-11
30-Aug-11
6-Sep-11
13-Sep-11
20-Sep-11
27-Sep-11
4-Oct-11
11-Oct-11
18-Oct-11
25-Oct-11
1-Nov-11
8-Nov-11
15-Nov-11
22-Nov-11
29-Nov-11
6-Dec-11
13-Dec-11
20-Dec-11
27-Dec-11
3-Jan-12
10-Jan-12
17-Jan-12
24-Jan-12
31-Jan-12
7-Feb-12
14-Feb-12
21-Feb-12
28-Feb-12
6-Mar-12
13-Mar-12
20-Mar-12
27-Mar-12
3-Apr-12
10-Apr-12
17-Apr-12
24-Apr-12
1-May-12
8-May-12
15-May-12
22-May-12

The absorption rate is 27.40 weeks. That is it would take 27.40 weeks at the current rate of sales to sell off the current inventory. Last week that
was 25.36 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update May 23, 2012

South West
(South of 7th and West of Clinton)

1BR

%
21%

$/Sq Ft
$512

Sq Ft
703

Avg Price
$344,556

2BR

47%

$446

1,193

3BR

19%

$515

1,577

North West
(North of 7th and West of Clinton)

1BR

%
25%

$/Sq Ft
$424

Sq Ft
1034

Avg Price
$432,333

$523,879

2B

67%

$469

1272

$599,238

$824,025

3BR

8%

$468

1,550

$725,000

South East
(South of 7th and East of Clinton)

1BR

%
14%

$/Sq Ft
$473

Sq Ft
741

Avg Price
$348,225

2BR

39%

$576

1,118

3BR

14%

$504

1,646

North East
(North of 7 Street and East of Clinton)
th

1BR

% $/Sq Ft
22%
$563

Sq Ft
790

Avg Price
$450,861

$688,936

2BR

49%

$570

1,073

$633,524

$826,175

3BR

8%

$686

2,212

$1,244,750

Data from Wednesday to Tuesday, Ending May 16, 2012

Hoboken

41 Properties Came on the Market This Week vs 4 last week

279 Active listings

225 Under contract

14 Properties Went Into Contract This Week vs 5 last week

11 Properties Sold This Week vs 0 Last Week

500

450

Absorption rate

400

350

300
Active listings
250

200

Sold listings last

week

150

100

50

15-May-12

8-May-12

1-May-12

24-Apr-12

17-Apr-12

10-Apr-12

3-Apr-12

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 25.36 weeks. That is it would take25.36 weeks at the current rate of sales to sell off the current inventory. Last week that
was weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update May 16, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
20%

$/Sq Ft
$512

Sq Ft
703

Avg Price
$344,556

2BR

48%

$447

1,200

3BR

20%

$506

1,535

1BR

%
18%

$/Sq Ft
$415

Sq Ft
1111

Avg Price
$459,000

$528,647

2B

73%

$475

1285

$614,238

$792,133

3BR

9%

$468

1,550

$725,000

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
14%

$/Sq Ft
$485

Sq Ft
718

Avg Price
$347,200

2BR

38%

$569

1,148

3BR

14%

$504

1,646

th

1BR

% $/Sq Ft
24%
$586

Sq Ft
780

Avg Price
$463,998

$697,855

2BR

43%

$586

1,099

$656,744

$826,175

3BR

11%

$625

1,850

$1,098,833

Data from Wednesday to Tuesday, Ending May 9, 2012

Hoboken

4 Properties Came on the Market This Week vs 27 last week

268 Active listings

222 Under contract

5 Properties Went Into Contract This Week vs 18 last week

0 Properties Sold This Week vs 13 Last Week

500

450

Absorption rate

400

350

300
Active listings
250

200
Sold listings last
week

150

100

50

8-May-12

1-May-12

24-Apr-12

17-Apr-12

10-Apr-12

3-Apr-12

27-Mar-12

20-Mar-12

6-Mar-12

13-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

6-Dec-11

13-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is weeks. That is it would take weeks at the current rate of sales to sell off the current inventory. Last week that was 21
weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update May 9th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
22%

$/Sq Ft
$517

Sq Ft
710

Avg Price
$354,000

2BR

43%

$443

1,195

3BR

22%

$503

1,532

1BR

%
17%

$/Sq Ft
$414

Sq Ft
1111

Avg Price
$459,000

$521,379

2B

67%

$474

1268

$604,322

$784,470

3BR

8%

$468

1,550

$725,000

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
15%

$/Sq Ft
$485

Sq Ft
718

Avg Price
$347,200

2BR

33%

$573

1,169

3BR

15%

$504

1,646

th

1BR

% $/Sq Ft
28%
$582

Sq Ft
773

Avg Price
$458,614

$720,711

2BR

36%

$587

1,114

$677,065

$826,175

3BR

11%

$625

1,850

$1,142,800

Data from Wednesday to Tuesday, Ending May, 2, 2012

Hoboken

27 Properties Came on the Market This Week vs 33 last week

270 Active listings

208 Under contract

18 Properties Went Into Contract This Week vs 17 last week

13 Properties Sold This Week vs 06 Last Week

500

450

Absorption rate

400

350

300
Active listings
250

200

150

Sold listings last

week

100

50

1-May-12

24-Apr-12

17-Apr-12

10-Apr-12

3-Apr-12

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 21 weeks. That is it would take 21 weeks at the current rate of sales to sell off the current inventory. Last week that was
47 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update May 2nd, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
26%

$/Sq Ft
$518

Sq Ft
708

Avg Price
$353,242

2BR

46%

$443

1,203

3BR

20%

$508

1,633

1BR

%
15%

$/Sq Ft
$414

Sq Ft
1111

Avg Price
$459,000

$526,508

2B

77%

$486

1220

$595,590

$840,078

3BR

8%

$483

1,550

$750,000

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
15%

$/Sq Ft
$475

Sq Ft
713

Avg Price
$338,100

2BR

335

$573

1,169

3BR

15%

$504

1,646

th

1BR

% $/Sq Ft
22%
$592

Sq Ft
806

Avg Price
$487,499

$721,822

2BR

37%

$574

1,075

$642,124

$826,175

3BR

15%

$602

1,750

$1,058,143

Data from Wednesday to Tuesday, Ending April 25, 2012

Hoboken

33 Properties Came on the Market This Week vs 35 last week

284 Active listings

203 Under contract

17 Properties Went Into Contract This Week vs 13 last week

06 Properties Sold This Week vs 18 Last Week

500

450
Absorption rate
400

350

Active listings

300

250

200

Sold listings last

week

150

100

50

24-Apr-12

17-Apr-12

10-Apr-12

3-Apr-12

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 47 weeks. That is it would take 47 weeks at the current rate of sales to sell off the current inventory. Last week that was
16 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update April 25th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
24%

$/Sq Ft
$509

Sq Ft
650

Avg Price
$357,629

2BR

40%

$452

1,234

3BR

22%

$486

1,522

1BR

%
13%

$/Sq Ft
$414

Sq Ft
1111

Avg Price
$459,000

$553,682

2B

73%

$475

1214

$590,445

$756,431

3BR

7%

$483

1,550

$750,000

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
20%

$/Sq Ft
$473

Sq Ft
697

Avg Price
$329,483

2BR

33%

$570

1,183

3BR

17%

$502

1,651

th

1BR

% $/Sq Ft
26%
$559

Sq Ft
804

Avg Price
$453,749

$719,630

2BR

36%

$583

1,064

$649,300

$825,920

3BR

11%

$634

1,958

$1,191,800

Data from Wednesday to Tuesday, Ending April 18, 2012

Hoboken

35 Properties Came on the Market This Week vs 35 last week

281 Active listings

187 Under contract

13 Properties Went Into Contract This Week vs 11 last week

18 Properties Sold This Week vs 9 Last Week
500

450
Absorption rate
400

350
Active listings
300

250
Sold listings last
week

200

150

100

50

17-Apr-12

10-Apr-12

3-Apr-12

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 16 weeks. That is it would take 16 weeks at the current rate of sales to sell off the current inventory. Last week that was
31 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update April 18th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
24%

$/Sq Ft
$509

Sq Ft
650

Avg Price
$357,629

2BR

38%

$439

1,240

3BR

22%

$475

1,467

1BR

%
14%

$/Sq Ft
$414

Sq Ft
1111

Avg Price
$459,000

$542,981

2B

71%

$470

1214

$568,600

$713,354

3BR

7%

$483

1,550

$750,000

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
19%

$/Sq Ft
$460

Sq Ft
678

Avg Price
$310,400

2BR

31%

$500

1,078

3BR

15%

$509

1,617

th

1BR

% $/Sq Ft
25%
$542

Sq Ft
860

Avg Price
$467,332

$540,225

2BR

40%

$603

1,124

$708,052

$821,150

3BR

8%

$718

1,762

$1,214,750

Data from Wednesday to Tuesday, Ending April 11, 2012

Hoboken

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

275 Active listings

189 Under contract

11 Properties Went Into Contract This Week vs 15 last week

9 Properties Sold This Week vs 17 Last Week

500

450

Absorption rate

400
Active listings
350
Sold listings last
week

300

250

200

150

100

50

10-Apr-12

3-Apr-12

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 31 weeks. That is it would take 31weeks at the current rate of sales to sell off the current inventory. Last week that was 15
weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update April 11th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
25%

$/Sq Ft
$507

Sq Ft
653

Avg Price
$356,120

2BR

33%

$434

1,240

3BR

27%

$477

1,490

1BR

%
17%

$/Sq Ft
$449

Sq Ft
1045

Avg Price
$469,000

$536,784

2B

71%

$472

1214

$774,500

$747,600

3BR

14%

$437

1,797

$774,500

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
21%

$/Sq Ft
$456

Sq Ft
703

Avg Price
$420,167

2BR

25%

$357

1,066

3BR

14%

$0

1,617

th

1BR

% $/Sq Ft
28%
$518

Sq Ft
880

Avg Price
$453,248

$535,744

2BR

42%

$606

1,144

$723,438

$821,150

3BR

12%

$718

1,762

$1,211,600

Data from Wednesday to Tuesday, Ending April 4, 2012

Hoboken

23 Properties Came on the Market This Week vs 28 last week

256 Active listings

191 Under contract

15 Properties Went Into Contract This Week vs 9 last week

17 Properties Sold This Week vs 9 Last Week
500

450
Absorption rate
400

350
Active listings
300

250
Sold listings last
week

200

150

100

50

3-Apr-12

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 15 weeks. That is it would take 15 weeks at the current rate of sales to sell off the current inventory. Last week that was
29 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update April 4th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
28%

$/Sq Ft
$495

Sq Ft
626

Avg Price
$343,453

2BR

35%

$430

1,276

3BR

24%

$477

1,465

1BR

%
0%

$/Sq Ft
$0

Sq Ft
0

Avg Price
$0

$548,409

2B

79%

$471

1231

577,182

$746,738

3BR

14%

$437

1,797

$774,500

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
21%

$/Sq Ft
$587

Sq Ft
736

Avg Price
$439,316

2BR

25%

$498

1,110

3BR

14%

$509

1,617

th

1BR

% $/Sq Ft
29%
$510

Sq Ft
870

Avg Price
$427,875

$533,242

2BR

34%

$609

1,112

$716,392

$821,150

3BR

09%

$693

1,836

$1,227,000

Data from Wednesday to Tuesday, Ending March 28, 2012

Hoboken

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

257 Active listings

187 Under contract

9 Properties Went Into Contract This Week vs 17 last week

9 Properties Sold This Week vs 8 Last Week
500

450
Absorption rate
400

350
Active listings
300

250
Sold listings last week
200

150

100

50

27-Mar-12

20-Mar-12

13-Mar-12

6-Mar-12

28-Feb-12

21-Feb-12

14-Feb-12

7-Feb-12

31-Jan-12

24-Jan-12

17-Jan-12

10-Jan-12

3-Jan-12

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

14-Jun-11

7-Jun-11

The absorption rate is 29 weeks. That is it would take 29 weeks at the current rate of sales to sell off the current inventory. Last week that was
32 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update March 28th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
28%

$/Sq Ft
$495

Sq Ft
626

Avg Price
$343,453

2BR

35%

$430

1,276

3BR

24%

$477

1,465

1BR

%
0%

$/Sq Ft
$0

Sq Ft
0

Avg Price
$0

$548,409

2B

79%

$471

1231

577,182

$746,738

3BR

14%

$437

1,797

$774,500

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
21%

$/Sq Ft
$587

Sq Ft
736

Avg Price
$439,316

2BR

25%

$498

1,110

3BR

14%

$509

1,617

th

1BR

% $/Sq Ft
29%
$510

Sq Ft
870

Avg Price
$427,875

$533,242

2BR

34%

$609

1,112

$716,392

$821,150

3BR

09%

$693

1,836

$1,227,000

Data from Wednesday to Tuesday, Ending March 21, 2012

Hoboken

23 Properties Came on the Market This Week vs 25 last week

254 Active listings

177 Under contract

17 Properties Went Into Contract This Week vs 33 last week

8 Properties Sold This Week vs 6 Last Week
500
450

Absorption rate

400
350

Active listings
300
250
Sold listings last week
200
150
100
50

4-Jan-11
11-Jan-11
18-Jan-11
25-Jan-11
1-Feb-11
8-Feb-11
15-Feb-11
22-Feb-11
1-Mar-11
8-Mar-11
15-Mar-11
22-Mar-11
29-Mar-11
5-Apr-11
12-Apr-11
19-Apr-11
26-Apr-11
3-May-11
10-May-11
17-May-11
24-May-11
31-May-11
7-Jun-11
14-Jun-11
21-Jun-11
28-Jun-11
5-Jul-11
12-Jul-11
19-Jul-11
26-Jul-11
2-Aug-11
9-Aug-11
16-Aug-11
23-Aug-11
30-Aug-11
6-Sep-11
13-Sep-11
20-Sep-11
27-Sep-11
4-Oct-11
11-Oct-11
18-Oct-11
25-Oct-11
1-Nov-11
8-Nov-11
15-Nov-11
22-Nov-11
29-Nov-11
6-Dec-11
13-Dec-11
20-Dec-11
27-Dec-11
3-Jan-12
10-Jan-12
17-Jan-12
24-Jan-12
31-Jan-12
7-Feb-12
14-Feb-12
21-Feb-12
28-Feb-12
6-Mar-12
13-Mar-12
20-Mar-12

The absorption rate is 32 weeks. That is it would take 32 weeks at the current rate of sales to sell off the current inventory. Last week that was
43 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update March 21th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
25%

$/Sq Ft
$498

Sq Ft
630

Avg Price
$207,483

2BR

36%

$437

1,176

3BR

21%

$488

1,489

1BR

%
0%

$/Sq Ft
$0

Sq Ft
0

Avg Price
$0

$507,785

2B

60%

$466

1,205

$555,167

$773,925

3BR

30%

$474

1,482

$682,667

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
24%

$/Sq Ft
$588

Sq Ft
735

Avg Price
$439,167

2BR

20%

$479

1,129

3BR

16%

$509

1,618

th

1BR

% $/Sq Ft
30%
$521

Sq Ft
854

Avg Price
$444,530

$541,560

2BR

36%

$613

1,060

$677,073

$821,150

3BR

08%

$693

1,836

$1,227,000

Data from Wednesday to Tuesday, Ending March 14, 2012

Hoboken

25 Properties Came on the Market This Week vs 35 last week

255 Active listings

166 Under contract

33 Properties Went Into Contract This Week vs 20 last week

6 Properties Sold This Week vs 13 Last Week

500
450
Absorption rate

400
350

Active listings
300
250
Sold listings last week
200
150
100
50

4-Jan-11
11-Jan-11
18-Jan-11
25-Jan-11
1-Feb-11
8-Feb-11
15-Feb-11
22-Feb-11
1-Mar-11
8-Mar-11
15-Mar-11
22-Mar-11
29-Mar-11
5-Apr-11
12-Apr-11
19-Apr-11
26-Apr-11
3-May-11
10-May-11
17-May-11
24-May-11
31-May-11
7-Jun-11
14-Jun-11
21-Jun-11
28-Jun-11
5-Jul-11
12-Jul-11
19-Jul-11
26-Jul-11
2-Aug-11
9-Aug-11
16-Aug-11
23-Aug-11
30-Aug-11
6-Sep-11
13-Sep-11
20-Sep-11
27-Sep-11
4-Oct-11
11-Oct-11
18-Oct-11
25-Oct-11
1-Nov-11
8-Nov-11
15-Nov-11
22-Nov-11
29-Nov-11
6-Dec-11
13-Dec-11
20-Dec-11
27-Dec-11
3-Jan-12
10-Jan-12
17-Jan-12
24-Jan-12
31-Jan-12
7-Feb-12
14-Feb-12
21-Feb-12
28-Feb-12
6-Mar-12
13-Mar-12

The absorption rate is 43 weeks. That is it would take 43 weeks at the current rate of sales to sell off the current inventory. Last week that was
13.8 weeks so it looks like the market is swinging back to buyers.
Hoboken Absorption Rate Update March 14th, 2012

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
25%

$/Sq Ft
$498

Sq Ft
630

Avg Price
$207,483

2BR

36%

$437

1,176

3BR

21%

$488

1,489

1BR

%
0%

$/Sq Ft
$0

Sq Ft
0

Avg Price
$0

$507,785

2B

60%

$466

1,205

$555,167

$773,925

3BR

30%

$474

1,482

$682,667

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
24%

$/Sq Ft
$588

Sq Ft
735

Avg Price
$439,167

2BR

20%

$479

1,129

3BR

16%

$509

1,618

th

1BR

% $/Sq Ft
30%
$521

Sq Ft
854

Avg Price
$444,530

$541,560

2BR

36%

$613

1,060

$677,073

$821,150

3BR

08%

$693

1,836

$1,227,000

Data from Wednesday to Tuesday, Ending March 6, 2012

Hoboken

35 Properties Came on the Market This Week vs 24 last week

254 Active listings

148 under contract

10 Properties Went Into Contract This Week vs 17 last week

10 Properties Sold This Week vs 23 Last Week
500
Absorption Rate
450

Active Listings
Sold Listings Last Week

400
350
300
250
200
150
100
50

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

7-Jun-11

14-Jun-11

31-May-11

24-May-11

17-May-11

10-May-11

3-May-11

26-Apr-11

19-Apr-11

12-Apr-11

5-Apr-11

29-Mar-11

22-Mar-11

8-Mar-11

15-Mar-11

1-Mar-11

22-Feb-11

15-Feb-11

8-Feb-11

1-Feb-11

25-Jan-11

18-Jan-11

11-Jan-11

4-Jan-11

State what this weeks absorption rate is vs last week. State the percent change. Comment about the overall trend. Comment about any mitigating factors like a holiday week or regular
seasonality.

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
22%

$/Sq Ft
$459

Sq Ft
639

Avg Price
$344,300

2BR

39%

$433

1,140

$487,674

3BR

20%

$472

1,398

$715,910

Sq Ft

Avg Price

749

$289,000

1BR

15%

$/Sq Ft
$344

2B

54%

$457

1,236

$557,143

3BR

23%

$478

1,482

$691,333

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
30%

$/Sq Ft
$578

Sq Ft
725

Avg Price
$446,544

2BR

10%

$483

1,079

3BR

17%

$592

th

1BR

% $/Sq Ft
30%
$524

Sq Ft
854

Avg Price
$446,405

$522,200

2BR

32%

$636

1,261

$847,081

1,769 $1,095,920

3BR

09%

$693

1,836

$1,241,400

Data from Wednesday to Tuesday, Ending February 29th, 2012

Hoboken

35 Properties Came on the Market This Week vs 24 last week

254 Active listings

148 under contract

0 Properties Went Into Contract This Week vs 0 last week

0 Properties Sold This Week vs 0 Last Week

500
Absorption Rate
450

Active Listings
Sold Listings Last Week

400
350
300
250
200
150
100
50

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

7-Jun-11

14-Jun-11

31-May-11

24-May-11

17-May-11

10-May-11

3-May-11

26-Apr-11

19-Apr-11

12-Apr-11

5-Apr-11

29-Mar-11

22-Mar-11

8-Mar-11

15-Mar-11

1-Mar-11

22-Feb-11

15-Feb-11

8-Feb-11

1-Feb-11

25-Jan-11

18-Jan-11

11-Jan-11

4-Jan-11

State what this weeks absorption rate is vs last week. State the percent change. Comment about the overall trend. Comment about any mitigating factors like a holiday week or regular
seasonality.

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
22%

$/Sq Ft
$459

Sq Ft
639

Avg Price
$344,300

2BR

39%

$433

1,140

$487,674

3BR

20%

$472

1,398

$715,910

Sq Ft

Avg Price

749

$289,000

1BR

15%

$/Sq Ft
$344

2B

54%

$457

1,236

$557,143

3BR

23%

$478

1,482

$691,333

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
30%

$/Sq Ft
$578

Sq Ft
725

Avg Price
$446,544

2BR

10%

$483

1,079

3BR

17%

$592

th

1BR

% $/Sq Ft
30%
$524

Sq Ft
854

Avg Price
$446,405

$522,200

2BR

32%

$636

1,261

$847,081

1,769 $1,095,920

3BR

09%

$693

1,836

$1,241,400

Data from Wednesday to Tuesday, Ending October 26th, 2011

17 Properties Came on the Market This Week vs 20 last week

Hoboken

14 Properties Went Into Contract This Week vs 5 last week

331 Active listings

123 under contract

4 Properties Sold This Week vs 13 Last Week

500
Absorption Rate
450

Active Listings
Sold Listings Last Week

400
350
300
250
200
150
100
50

27-Dec-11

20-Dec-11

13-Dec-11

6-Dec-11

29-Nov-11

22-Nov-11

15-Nov-11

8-Nov-11

1-Nov-11

25-Oct-11

18-Oct-11

11-Oct-11

4-Oct-11

27-Sep-11

20-Sep-11

13-Sep-11

6-Sep-11

30-Aug-11

23-Aug-11

16-Aug-11

9-Aug-11

2-Aug-11

26-Jul-11

19-Jul-11

12-Jul-11

5-Jul-11

28-Jun-11

21-Jun-11

7-Jun-11

14-Jun-11

31-May-11

24-May-11

17-May-11

10-May-11

3-May-11

26-Apr-11

19-Apr-11

12-Apr-11

5-Apr-11

29-Mar-11

22-Mar-11

8-Mar-11

15-Mar-11

1-Mar-11

22-Feb-11

15-Feb-11

8-Feb-11

1-Feb-11

25-Jan-11

18-Jan-11

11-Jan-11

4-Jan-11

State what this weeks absorption rate is vs last week. State the percent change. Comment about the overall trend. Comment about any mitigating factors like a holiday week or regular
seasonality.

South West
(South of 7th and West of Clinton)

North West
(North of 7th and West of Clinton)

New Listings in the South West

New Listings in the North West

Active Listings in the South West

Active Listings in the North West

1BR

%
25%

$/Sq Ft
$469

Sq Ft
697

Avg Price
$327,129

2BR

56%

$410

1,181

$483,861

3BR

14%

$410

1,549

$635,671

Sq Ft

Avg Price

795

$372,150

1BR

14%

$/Sq Ft
$468

2B

68%

$452

1,195

$539,790

3BR

14%

$482

1,459

$702,983

South East
(South of 7th and East of Clinton)

North East
(North of 7 Street and East of Clinton)

New Listings in the South East

New Listings in the North East

Active Listings in the South East

Active Listings in the North East

1BR

%
44%

$/Sq Ft
$558

Sq Ft
639

Avg Price
$356,737

2BR

30%

$504

1,044

3BR

5%

$437

1,593

th

1BR

% $/Sq Ft
33%
$535

Sq Ft
820

Avg Price
$438,982

$526,533

2BR

41%

$560

1,181

$661,140

$696,333

3BR

10%

$669

1,503

$1,005,625