Linden Real Estate Market - 2012 in Review

By
Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/NXX

In Linden, 211 homes sold in 2012 with sales in August and September representing 22% of the total sales. There is 11 months worth of inventory remaining in Linden which is much higher than most of Union County. At the current rate of sales, it will take nearly a year for the existing listings to sell.

 

House prices in Linden have fluctuated a bit during 2012 and ended 2012 in December 16% lower than in January. In part, this is due to the nearly 37% of active listings in Linden that are short sales with lender approval required.

 The sale price/list price ratio can be one measure of buyer and seller confidence. A high ratio indicates that homes are selling near their list price and a low ratio indicates that homes are selling below their list price. In Linden, the sale price/list price ratio started 2012 at 96% but dipped to 92% in March and even lower to 91% in October. The sale price/list price ratio in Linden ended 2012 at 93%, much lower than most of Union County is seeing.

The average Days on Market (DOM) is an indication of how quickly, or slowly, homes are selling. High demand usually lowers the DOM and high inventory normally increases the DOM.

In Linden, April saw a peak in DOM when homes were taking, on average, 218 days to sell. Then, in May, the quickest sales were seen in Linden, with the average DOM at 44 days. Autumn saw homes taking approximately 3 months to sell, but things slowed down a bit in December with a rise to 142 days. 

 If you’re thinking of buying a home in Linden or if you’re thinking of selling your home in Linden, you deserve a Realtor who understands the market and can get you the best deal. Please call us at 908-917-4189 for your personal consultation.

 

For more information on the Linden real estate market:

 Still a Buyer's Market in Linden! 

How do additional bathrooms or bedrooms affect market value in Linden?

Free Market Analysis of Linden, NJ 

Linden, NJ, Market Report - 1st half of 2012

Time to Sell in Linden!

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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New Jersey Union County Linden
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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Zuhl Team.... buyers and sellers in Linden NJ should appreciate this well researched information about their real estate market....they should call you for guidance with their real estate needs.

Jan 06, 2013 07:50 PM #1
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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