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Linden Real Estate Market Report - May 2018
Homeowners and home buyers in Linden are smart to learn about the real estate market to help make an informed decision about when to buy and sell a home in Linden .
Here’s what’s been happening lately.
Inventory:
Thirty homes were sold in Linden in April, 2018, compared to 42 homes sold in April, 2017. There are 180 homes offered for sale in Linden today - compared to 239 in April of 2017.  As inventory shrinks, demand for homes usually increases. This can help to raise prices and/or shorten the length of time homes are on the market.
Prices:
Average sale price in Linden in April was $237,619  - compared to April of 2017 when the average sale price was $249,216. Average list price in Linden in April was $276,503  - compared to the 12 month average of $262,554. Despite a sluggish spring, Linden has had a slow but steady improvement in prices for several years.
Days on Market:
In April, the average sold home in Linden was on the market for 53 days - compared to 112 days in April of 2017. Shortened Days on Market is typical in the spring so this number should continue to improve.
What this means for ... more

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