June Sales are Not Bad!
Transactions are still down but the number of units that went under contract for the month (dabo’s) is up to 75. Both average and median sales prices and price per square foot have taken a bounce. Looking at the year-to-year numbers, this June surpassed the past 3 years. No doubt, we still have too much inventory on the market and the junk does not sell but this news could be way worse than it is, so I’m looking at the bright side.
Here are the results:
Still to come: The 2nd quarter Hoboken Sales results and the Weekly Wednesday Wrap Up. Check back in a bit.