Thursday, August 27

Hoboken Rentals on the Hudson Country Multiple Listing Service (MLS)

Currently, there are 109 rentals on the Hudson Country MLS for Hoboken alone! As you might know, rentals used to be housed in-office, jealously guarded and rented by the listing office and rarely shared as a co-broke with another office.

But times have changed! The rentals on the MLS start as low as $1390 and go as high as $9500. Only twelve of the rentals are listed at $3500 or above. And rental prices are negotiable, which was never the case before.

This is a reflection of the glut of condos on the market as owners try not to sell during a down market and fewer renters...too much supply and not enough demand. If you are thinking of renting in Hoboken, now is the time! Landlords are even considering dogs! If you are an owner, be prepared to have to negotiate on the price and possibly kick in on the realtor fee to get your place rented. Rental prices are also about 20% down since last year.

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Hoboken Realtor on Real Estate Now

Welcome to First Exit in New Jersey!

I am Stacey Morrison, a veteran of real estate sales in Hoboken, NJ. This blog is a straight-up discussion of real estate here from a Realtor's professional point of view.

Please feel free to write me with questions or comments. :)