Window Of Opportunity

Hoboken has two strong selling "seasons": Spring and Fall. Spring is the stronger market overall and starts in mid-February. It usually peters out by around Memorial Day. Sometimes, there is a flurry of activity that continues to the 4th of July. This year, we had more sales in the summer than was typical due to a slow increase in optimism among buyers and a huge drop in prices from the year before. August, though, is a very dead month. After Labor Day, properties once again start to hit the market but most buyers are only looking until the Holidays. Sellers often take their properties off the market during the holidays and relist them in the Spring, if they can. It is very slow until Feburary.

Though we don't anticipate a huge jump in market values next Spring, I believe that this Fall may be the bottom of the market. If you are looking to buy, now is the time. If you are looking to sell, this is your window of opportunity, now until November. After that, the next strong market won't be until late February.