The housing market in Lincoln continues to see strong price appreciation, with values up 11.8% compared to last year. Home prices have increased 16.1% in the past month alone. With 3.4 months of supply, Lincoln's inventory levels remain relatively tight. Transaction volume is up 36% compared to what's typically expected this time of year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.8% 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 181.5. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.