How’s the market? Hoboken Condo Market Snapshot 8/5/2011 Total Condos For Sale: 325 Average Price: $510,575 Median Price: $460,000 Avg Days on Market: 91 0-1 bed : 128 Avg: $377,918 Median: $$329,690 Avg price per sqft: $516.03 Avg days on market: 93 2 bed: 163 Avg: $566,643 Median: $519,600 Avg price per sqft: $477.79 Avg days on market: 83 3 bed: 32 Avg: $704,243 Median: $646,000 Avg price per sqft: $470.31 Avg days on market: 120 Total Condos Under Contract: 135 Total Under Contract Last 30 days: 60 30 Day Absorption Rate: 5.41 months (60 units under contract last 30 days divided into 325 total units) 6 months or higher - Buyers Market 3-6 months - Balanced Market 3 months or under - Sellers Market How’s YOUR market? Above facts / figures represents an overall Hobok...
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