Still Stuck

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The tug of war continues like some bad struggle of battle of the superstars. Back in the 70s, I remember watching team like the Pittsburgh Steelers and Dallas Cowboys having a tug of war on the beaches in Hawaii. Keith Jackson hosted it. It was a big deal then. In retrospect, it was kind of dumb.

Dumb like the the struggle between buyers and sellers today. Sellers overpricing properties like it was 2003. Then they take huge price reductions after letting the market pass them by form months. Buyers not realizing that what is selling is selling for 98% of ask. If the property is priced well, and the comps will bear that out, there is no bargain.

Each party digs in until one can’t hold out any longer. Being an AFC guy, I always used to root for the Steelers. Not sure who to root for now. Whoa Nelly.

Hoboken Condos
The July Numbers
Sold 86
Median DOM 44
Median List Price $502k
Median Sold Price $493K
Information deemed reliable but not guaranteed

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