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No. 21 Best Housing Market: Hoboken, N.J.
Percent change: +8.5
MSA: New York
Population: 50,005
In Hoboken, across the Hudson River from Manhattan, steady condo sales drove down inventory and decreased the average days on market this year, according to the website of Brian Murray, a broker at Empire Realty. Betting on continued demand, Toll Brothers is building a 157-unit condo structure at 1450 Washington Street, scheduled to be completed in the first half of 2012. BLS data indicate that Hoboken's unemployment rate in August was 5.5 percent, was up from 4.8 percent in February 2009. The city's median home value was $474,700 in August, according to the Zillow Home Value Index, and the median sale price was $471,000 as of Aug. 31.
Photographer: Scott C. Riether /Getty Images
MSA: New York
Population: 50,005
In Hoboken, across the Hudson River from Manhattan, steady condo sales drove down inventory and decreased the average days on market this year, according to the website of Brian Murray, a broker at Empire Realty. Betting on continued demand, Toll Brothers is building a 157-unit condo structure at 1450 Washington Street, scheduled to be completed in the first half of 2012. BLS data indicate that Hoboken's unemployment rate in August was 5.5 percent, was up from 4.8 percent in February 2009. The city's median home value was $474,700 in August, according to the Zillow Home Value Index, and the median sale price was $471,000 as of Aug. 31.
Photographer: Scott C. Riether /Getty Images
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