The housing market in Lincoln continues to see strong price appreciation, with values up 12.7% compared to last year. Home prices have decreased 5.4% in the past month. With 5.4 months of supply, Lincoln's inventory levels remain relatively tight. Homes are taking about 112 days to sell, which is 6 days longer than this time last year. A significant 22.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Lincoln market with the affordability index at 177.6. Current trends suggest further price adjustments may occur as the market continues to favor buyers.