With 13.7 months of inventory, Lincoln is currently in a buyer's market. Home prices have increased 9.2% in the past month alone. At the current sales pace, it would take over 13.7 months to sell all available homes in Lincoln, indicating an oversupplied market. Homes are now taking an average of 120 days to sell, significantly longer than the 79 days typical for this market. A significant 35.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lincoln market with the affordability index at 330.0. Based on current market indicators, home prices in Lincoln are projected to decrease by approximately 9.5% over the next month.
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