Down Market???

More condos have been sold in the first 9 months of 2007 than in 2006. (see stat of the day)

Number of condos sold up 8%.



The avarage sale price is up 2% for the same period. What is going on??? How can this be? That hissing sound you've been hearing hasn't been the housing bubble bursting but signs from buyers who thought they were going to get a steal in Hoboken.



Actually, buyers still win. Check out the equivalent homes in Park Slope. Hoboken is on sale in retrospect. Wait until Brooklyn gets the Nets then you'll see people moving out in droves.