Here are the updated 2014 Hoboken and Jersey City Real Estate Market Statistics, courtesy of Keller Williams City Life.
While the upward trend in home prices seem to have slowed and prices are indeed slightly lower quarter over quarter (this seasonality is expected, as historically the warmer months bring the highest prices), they are still up mid-to-high single digits year over year.
The real story continues to be inventory. In Hoboken especially, there is an unprecented shortage of homes for sale.
What can you do if you are a prospective buyer that gives you the edge to compete with other buyers in this market?
And if you are a prospective seller, should you hold out and be a landlord in case prices continue to increase?
Let's chat.
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