The rally continued in June with prices for all markets staying strong. There was some fluctuation in Hoboken studios, but there are so few transactions in this segment that one sale can skew the numbers a bit.
Pending sales dipped slightly, while total sales increased from May 2015. I'll have to see how the pending sales look for July to see if there's a cooling trend about to happen.
When the market was this hot back in 2006-2007 the market cooled a bit as buyers felt that pricing had escalated too quickly.
It's either that or buyers were so sick of the horrible winter that we had that they've decided to spend even more time down at the shore.
Please click on the link below for full details:
June 2015 Real Estate Update
Please let me know how I can help.
Berkshire Hathaway HomeServices
Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
Search Hoboken listings:
Search downtown Jersey City listings:
Follow me on Twitter: www.twitter.com/KevinDowdHBJC