Team Zuhl studies the real estate market in Linden every month to make sure that Linden home owners and home buyers are well educated about what Linden homes are worth. The September real estate market update for the Linden market was published a few weeks ago.
Click here if you missed the September Linden Real Estate Market Update!
Here’s a quick summary of what we learned:
Inventory:
| Active Listings | Sold Listings | |
| August 2019 | 145 | 35 |
| August 2018 | 201 | 49 |
| 12 month average | 173.46 | 36.77 |
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.
Linden is currently experiencing a normal market holding 5.03 months of inventory.
| Average List Price | Average Sale Price | |
| August 2019 | $316,723 | $299,892 |
| August 2018 | $283,468 | $271,120 |
| 12 month average | $299,313 | $279,825 |
Linden has had a slow but steady improvement in prices for several years.
Days on Market:
| Days on Market | |
| August 2019 | 68 |
| August 2018 | 55 |
| 12 month average | 59.92 |
Sales appears to have slowed down after a relatively quick summer. Sellers who want to stand out in the inventory will have to price their homes well so that they can sell fast.
Click here to read what this means for buyers and sellers!
To see earlier market reports of Linden , please click here. If you’re thinking of buying or selling a Linden home, please call us at 908-917-4189.