Sunday, October 4, 2009

Hoboken Real Estate Sales by Year

This is a great graph that shows how the spring culminates in the highest sales. All of those properties listed in February and March close before the Summer. Home buyers want to get in their new home over the summer. People are busy with summer outings to look at real estate.

It also shows the peak years of 2005, 2006 and 2007. Conversely, the poorest year is 2009 which means that prices are down. Is it the bottom?

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