The July 2018 Hoboken Condo Market Update

Hoboken continues to remain a healthy market with pricing near all-time highs; however, the pricing is largely driven by demand for larger units.  Families seem to be shunning the burbs and staying longer, and as a result, the demand is skewing towards larger 2, 3, and 4 BR units.  Inventory is near multi-year highs but has started to level off and dip a bit from it’s peak in June.  Despite the increase in inventory, pricing is holding pretty much flat year-over-year, and we’re still seeing bidding wars on attractive units – in fact both condos that we’ve sold this summer have gone under contract above asking price,  Check out our video blog below for a comprehensive analysis, and stay tuned for our Downtown Jersey City update coming soon!