The housing market in Lyndhurst continues to see strong price appreciation, with values up 18.9% compared to last year. Home prices have increased 12.2% in the past month alone. At the current pace, all available homes in Lyndhurst would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 33 days to sell, which is -7 days longer than this time last year. A significant 26.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 26.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lyndhurst market with the affordability index at 71.6. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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