2015 Jun 5th

The May Hoboken Condo Sales Results

Hold on to your hats, Hoboken. New records being set across the board.  Sales prices are up almost 20% over a year ago.  We’ve hit new highs in average sales price of well over $700k.  Days on market has dropped to a blink.  That’s right, blink and you will miss out on that newly listed property.  Inventory is not increasing – the competition is getting stiffer and buyers are putting their money where their mouths are.  If they want that shiny, new condo – they are willing to pay over asking for it.

Here are the May numbers:

 

Here is the 6 month moving average of sales prices.

6 mo moving avg

 

 

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