2019 Apr 9th

The March Hoboken Condo Sales Analysis

This is interesting. It feels like we are on the top of the peak. Prices were going up so drastically a year ago and now they have leveled off – maybe even dropped a bit. But inventory remains under 250 units and sales are still fairly brisk. To me, this seems like a healthy market. Sellers may not be happy but they are not being realistic if they think they can forever tack a hundred grand onto what they paid 4 or 5 years ago. That was then, this is now. Days on market is also up a bit so patience is necessary. Buyers may finally have a little more breathing room to shop around but the really prime units move as quickly as ever.

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