Welcome to this month’s Lincoln ,Nebraska real estate market report brought to you by Eric L. Brown Real Estate Agent.
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Lincoln, Nebraska Housing Stats
The average sale price for homes in Lincoln Nebraska during July 2019 was $224,279; this is up slightly from last July’s average of $215,607 wich is a +4.0% of change from last year.
There were 414 homes sold, 604 new listings, 399 pending listings, and a total of 1,332 active listings in Lincoln Nebraska real estate market.
There is approximately 1.5 months of inventory available, homes are averaging 16 days on market before being sold, and sellers are getting 98.9% of their original asking price.
In July 2019 there was 604 new listings (new construction and existing homes) that hit the market. 229 of these homes were in the $100,000.00 to $199,999 price range. This is up from July 2018 when there was 259 new listings in this price range. The average days on market for this price range in July 2019 was 3 days on market and that was the same number of days for July 2018.
There were 291 new listings (new construction and existing homes) that hit the market in the $200,000.00 to $449,999 price range in July 2019. This is down from 323 homes in this price range in July 2018. The average days on market for this price range in July 2019 was 7 as compared to 8 days on market in July 2018.
In the $450,000 and up segment there was 61 new listings (new construction and existing homes) in July 2019. This was up from 55 new homes listed in July 2018. The average days on market for this price rang in July 2018 was 10 days on market as compared to 15 days on market in July 2019.
What Does This Mean For Buyers In Lincoln Nebraska?
Buyers in Lincoln Nebraska can expect to see more inventory available as the summer buying season comes to a close.
The average sale price has held steady this year, and in many price ranges, there are slightly less homes listed compared to this time last year.
Buyers should have financing in place and be ready to act when they find a property that matches their criteria. Be sure to search for properties in your price.
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What Does This Mean For Sellers In Lincoln Nebraska?