2018 Jun 5th

The May Hoboken Condo Sales Results

Here are the May results for Hoboken condo sales.

May’s numbers are down again from the prior few months. Still seeing a very slight increase over last year in sales prices but nothing like what we saw two years ago.  Inventory seems to be increasing significantly while the number sold is declining. Starting to look like a trend.

Here is the 3-month rolling average chart from 2014 to date.  You can see there is always a bit of volatility and it’s just too soon to know if this most recent dip is a trend or a blip. Looks to me much like the S&P chart of the past few years. (Just scroll over image if you don’t see the entire chart).

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