Inventory has not improved at all for September. If anything, it's worse than it was in August.
I'm not sure why people aren't selling. Most buyers can get out form underneath there mortgages and I've seen many sellers make a tidy profit on the sale of their current condo or brownstone.
Check out the price changes are you look back over the past several years. It's amazing.
I just had listing that sold for about $150,000 more than a comparable unit sold for in the same building just two years ago.
Information provided by:
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
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