Tuesday, April 27, 2010

Hoboken Closings are Up and Discounts are Down

The market has heated up a little. It's taking 21% less time for a unit to go from listing to contract - 93 to 73 days on the market on average. In Arpil, we expect to have over 60 closings while in January we only 34....that's up 90%. Units are also closing at a smaller discount off the original listing price....9.92% to 5.53%

I wanted to re-post this article so that you can compare it to the 2006-2009 review.

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