Inventory in Linden Hills has expanded in this rolling three-month view, with active listings up slightly from last year and sitting at 73 homes. Months of supply has risen more than 50 percent year over year to 3.2 months, signaling more options than buyers saw a year ago. Even with that added selection, over half of homes still go off the market within two weeks, showing that desirable properties move quickly.
Contract activity has cooled compared with last year, even as it has ticked up recently. Homes sold are down nearly 20 percent year over year and pending sales have fallen by about a third, indicating fewer deals are making it to the finish line than in the same period last year.
Prices are holding relatively steady in this environment, with the typical home value around $617,000 and only a slight year-over-year dip. Sellers are still achieving a small premium, as the average sale-to-list ratio is just over 101 percent and nearly three in ten sales close above the asking price. Compared with Minneapolis as a whole, Linden Hills remains a higher-priced, slightly tighter seller’s market, even with more inventory on hand. With these mixed signals on supply, demand, and pricing, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands the Linden Hills market.
