As of today the Lincoln, Nebraska real estate market currently has 1,272 residential homes listed for sale (in our MLS). In the past 6 months there have been 1,557 residential homes which have sold in Lincoln.
So what does that mean?
1. We are at an inventory low. As is typical during the holidays. So right now if you list your home, you are seeing far less competition.
2. With only 1,272 homes for sale and an avg of 260 homes selling per month over the last 6 months, we are looking at under a 5 month supply of homes on the market. I can tell you from experience that many listing consultations I have gone on that number has been 6-8 months supply of homes.
In other words, the Lincoln, Nebraska real estate market is doing quite well. There are many other communities around the nation that wish they could say the same thing!
The Korn Team
RE/MAX Real Estate Concepts