Linden Real Estate Market Update - June 2016

By
Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/4Sv5

The city of Linden is located in southeastern Union County and is home to nearly 41,000 people. Here's what you need to know about Linden real estate this month.

Inventory: There are currently 268 homes listed for sale in Linden which is about equal to the 12 month average and slightly lower than May of 2015. Nineteen homes were sold in May - nearly 30% lower than the 12 month average and 17% lower than May of 2015. Linden is currently experiencing a strong buyer's market and home sellers who are interested in selling their home may want to consider ways to make their home more attractive to buyers.

 

Prices: The average home sold in Linden in May was sold for $209,177. This is  4% lower than the 12 month average and nearly exactly the same as May of 2015. While prices continue to fluctuate from month to month in Linden, there is a slight improvement over 4 years. The straight red line in this graph is the trend line which eliminates seasonal variation and looks at the overall price trends in Linden. It shows an improvement of about 6% over 4 years.

Days on Market: Homeowners who have made the decision to sell their homes are often anxious to get it sold quickly. In Linden, homes aren't selling as quickly as other parts of Union County. The average home that was sold in Linden in May was sold after 75 days on the market - this is pretty significantly faster than the 12 month average of 89 days and more than 25% faster than last May. 

Homebuyers and investors who are looking to make a purchase may consider Linden a good deal at this point. Interest rates are low and Linden prices aren't climbing as quickly as other towns. 

If you're thinking of buying or selling a home in Linden, Team Zuhl is here to help you every step of the way!

 

For more information on the Linden Real Estate Market:

Posted by

 

 

 

~ 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.

 

facebook  Pinterest  LinkedIn  Read Our Blog!

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. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
New Jersey Union County Linden
Groups:
New Jersey & Pennsylvania -- Realtors/Loan Officers/Title Clerks/Real Estate Lawyers
New Jersey Real Estate Experts
All About NJ Real Estate
Tags:
buying a home
selling a home
linden
real estate
market reports

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

An excellent and detailed Linden Real Estate Market Update Wayne and Jean Marie Zuhl . Now is a good time to get into a home purchase.

Jun 16, 2016 08:29 AM #1
Rainmaker
3,247,978
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Wayne and Jean

The June 2016 real estate market report for linden New Jersey show a positive real estate market.

Good luck and success.

Lou Ludwig

Jun 16, 2016 11:47 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,310,664

Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
Want more information about Union County real estate?
*
*
*
*
Spam prevention

Additional Information