Monday, October 12, 2009

Lincoln, NE September Real Estate Market Update...

Well according to the Lincoln, NE MLS the following is your real estate market update for residential homes in Lincoln, NE from Sep 1,2009 - Sep 30, 2009:

Sold homes: 300
Avg Sale $ - $143,900
Avg Days on Market - 61 days

In comparing these numbers to last years sold number for the month of September, the number of sales are up by about 60 sales but the avg sale price is about $17,000 less in Sept 2009 compared to Sept 2008.

Why is this? I personally believe it is because of the $8,000 first time home buyer tax credit. The higher priced homes who are less likely to be purchsed by first time buyers are moving at slower rate while the homes under $160,000 are moving at a much higher rate. Which could be cause for the lower avg sales price yet increase in number of sales.

By the way, there is still time to get your $8,000!!! However to be safe, you should have a home under contract by the end of this week.

Call us at 402.436.3379 or email me at and a member of The Korn Team will help you find your dream home at a great price and just in time to get your $8,000!

Jason Korn
The Korn Team

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