2017 Jul 11th

The June Hoboken Condo Sales Results

June has been a continuation of what we’ve seen since the start of the year.  Inventory remains scarce.  Even though more properties have been listed as of late, they continue to sell, quicker than ever.  Days on market is about two weeks!  Prices continue to rise – look at the trend line on the 3 month rolling average (below).  It tells a pretty strong story.  You can hover over the blue lines to see the underlying data points.  The bottom line is that the Hoboken condo market continues to soar.

Here is a chart of the 3-month rolling average of Hoboken condo sales prices since 2011.

The 6-month moving average tells the same story:

 

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