Some interesting trends are showing up in the Hoboken condo market. I’m seeing activity as measured by both sales and number under contract up and the number of listings way down. Look at the price per square foot by bedroom size! Here are the most recent numbers:
Here is more to ponder. If you’d like to see the interactive version of these charts, click here. Look at what’s happened to inventory over the past year + two months:
This one shows average sales price over the same period:
There is no question in my mind that the market is picking up.