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Linden Real Estate Market Report - March 2020
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.
19 homes were sold in Linden in February, which is much lower than the 12 month average of 32 homes per month. Slower sales are not unusual for this time of year. Sales ought to pick up once the weather picks up. There are 109 homes offered for sale in Linden today - compared to the 12 month average of 147 homes and compared to 164 homes that were on the market in February of last year. 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.
Inventory and sales are variable monthly as shown by the peaks and valleys in the graph above. Some variability can also be attributed to homes that are more desirable or less desirable than the average Linden home. Homes that are in exceptional condition or well priced won't stay on the market long, whereas distressed properties or homes in disrepair stay around longer and cause data ... more
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