2015 Nov 11th

The October Hoboken Condo Sales Results – How’s the Market Doing?

From the numbers, it looks like October has been a tiny bit of a downturn from previous months. Average sales price is down from last month though still 3% higher than a year ago. Price per square foot is also down to $640 from $683 in September. Yet days on market is only 25 and fewer properties were listed this month. The fourth quarter is normally the slowest for Hoboken real estate.

Here are the October numbers:

A single month, however, does not necessarily indicate a trend. What is much more telling, to me, is this 6 month rolling average of Hoboken condo sales prices:

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