Days On Market. Tick.Tick.Tick.

Clients often ask me, how long has this been on the market?

Bargain hunters beware. What is the right answer?

One week? Not long enough for a price reduction.

Two weeks? Still waiting for the price reduction

One Month? Now the seller must be getting desperate.

OOOPS. You missed it. 43% of the Hoboken condos are gone by 30 days. If you factor in new construction the number is even higher.

What's left? We'll what left at Best Buy on the Saturday after Thanksgiving. Not that sweet 42 inch plasma for $399. Not that laptop for $199. no what left on sale is the 9 million copies of You've Got Mail for $2.99. Albeit a nice period piece. Not going to win any awards. Good to give your 60 year auntie wrapped up in a package with a cinnamon spice candle. But you're not calling your friends up telling then to come over and watch it.

Same thing with condos. The great stuff goes. It goes fast. The bargains go. They go fast. Wait for a bargain. Wait and wonder.

If you're not getting daily mls listings, you're missing the market.



Days on Market. Hoboken Real Estate
number hoboken condos sold ytd 811
number under contract within 10 days 95
number under contract within 14 days 148
number under contrct within 21 days 249
number under contract within 30 day 346

information deemed reliable but not guaranteed