Categories: Hoboken Condos
The one question I’m asked more than any other when people learn I am a real estate agent is “How’s the market?” This monthly post of what’s going on with Hoboken condo sales is the best answer I can give.
Condo sales are still strong in Hoboken though we may have hit a little plateau in October. Both average and median sales price are down slightly from last month but still well above a year ago. We may finally be seeing some more inventory coming onto the market as there was an annual high in number of units listed this month at 130. The problem is that sales are still brisk.
Look at the breakdown of sales by bedroom size, though. Two bedroom condos are going for almost $700,000 on average! That’s a sign of the change in Hoboken’s demographics if I’ve ever seen one!
Here is the October chart: