How Is The Lindenhurst NY Real Estate Market Doing?
Being the data hound that I am, I wanted to see how tight the sold prices are getting in the Lindenhurst NY real estate market. I know this market is changing but I was even shocked with my findings.
Between 6/1/12 and 8/31/12, 83 homes sold. Sold prices range from $155,000 to $390,000 with the majority selling in the mid $200k to the mid $300k price points. Out of the 83, 53 Lindenhurst NY homes sold under $15K below list and a good portion sold at list price or above list price and there were no seller's concessions. This hasn't happened since 2005!
What is going on for this to happen? We are seeing a lack of good inventory which means buyers do not have the choices they did even compared to last year. Lack of good inventory is just going to drive the prices up sooner or later. This is something I have to keep a close eye on from this point forward.
To see the 53 Lindenhurst NY homes that have sold during this period, click here: Lindenhurst NY Sold Homes
I have a feeling 2013 is going to be the turning point for the Lindenhurst NY real estate market. If you can afford to buy a home, now is the time to do it.
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