How Many Homes Are For Sale In Lindenhurst NY?
There are 148 homes for sale in Lindenhurst NY as of 2/20/14 and that includes short sales and REO homes. Without the distressed properties, there are 115 homes for sale.
What does this mean for sellers? We are without a doubt in a seller's market. This does not mean you can overprice your Lindenhurst NY house. Home prices are not going to soar through the roof like they did in 2004/2005. Buyers will not buy an overpriced home and banks will not issue mortgages if the home appraises for less than the offer.
What does this mean for buyers? You do not have as many choices as you did a year ago. Either increase your purchase price or do not be too picky.
What does this mean for the Lindenhurst NY real estate market?
It could force buyers to start buying homes south of Montauk Highway as long as they can afford the flood insurance. It also means buyers may start considering buying short sales.
If you have been seriously thinking about selling, now is the time especially if you want to buy another home.
Call Jackie today (631) 703-0201 to find out what your Lindenhurst NY home is worth in today's fast-paced real estate market.
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