2010 Aug 9th

The July Hoboken Condo Sale Activity – The Numbers Are In

Here are the results of sales activity for July. red arrow

Two things stand out to me – the average price per square foot is lower again; and the number of sales while lower than the past is higher than I expected for the dead of summer and after the expiration of the tax credit.  Listings also seem to be down a bit.  If we could only soak up a bit of that excess inventory things might be looking up again.  Buyers – all time historic low interest rates – under 4.5%.  That’s an opportunity in and of itself.

Posted by Lori Turoff | Currently 11 Comments »

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