The April 2018 Hoboken Condo Market Update

We’ve been slammed with new listings and new buyers, so we’re running a couple weeks behind schedule this month, but we’ll get it back on track for the May update in early June.  April by most objective measures was a bit of a soft month.  Inventory is up 60% year-over-year and the average discount has been increasing steadily.  With that said, most April sales were February/March listings, so they’re not indicative of the spring market.  Anecdotally, traffic has been strong and multiple offers are not uncommon for condos with broad appeal – in fact, one of our listings had numerous offers and went under contract before the first-weekend open house.  It’s still great time to be a seller in Hoboken!  Check out our video blog below for a comprehensive update!