One Bedroom Doldrums.

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18 Months of Inventory. That’s about what we are looking at for one bedroom condos in Hoboken. ugh. or better yet, ugly. Where are those first time homebuyers lining up with their Obama Bucks?

Of those 187 one bedrooms for sale, the median ask price is $387k and the average DOM is 87 days and counting. I wish I were in the market for a one bedroom. You can practically steal one.

Sellers: Time for a price reduction or turn it into a rental. Otherwise you are not going anywhere soon.

Hoboken Real Estate Condos
1 Brs Q1, 2009
Available 182
Under contract 26
Sold 33

Information deemed reliable but not guaranteed

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