Why the Volatility in Number of Hoboken Condos Sold?
The Hoboken real estate market is full of surprises. It’s especially interesting to me to see the average price of Hoboken condos sold follow such a visible upward trend while the actual number of units sold seems to fluctuate quite a bit. I wonder if the number of new construction units sold off of the MLS were added to these figures the line might be less volatile. Unfortunately, I don’t have a simple way to include those Hoboken sales.
Here is the chart:
Here are the underlying numbers:
See also: Days on Market