Hoboken Real Estate – Inventory Up
To quote our friends from Bubbletrack.com:
Inventory in the very speculative towns of Jersey City and Hoboken New Jersey is still skyrocketing, just like everything else in the Northeast. Since the beginning of this year, Jersey City home inventory has increased 56%, while in Hoboken, inventory is up 54%.
While sales in Jersey City are tapering off, Hoboken sales are increasing- but what’s interesting is that it’s still not enough to stop the home supply from growing. I hope all the people buying in Hoboken are doing so because prices are moving in the right direction, and not just because they can. But I doubt that’s the case..
See the graph below as an example…