Total Inventory: Total inventory for Lincoln remains low but has been consistent for the past year.
Median Sales Price: This number has grown dramatically since 2011 up from approx. $600K to $900K.
Unit Sales: Interesting things going on here. Sales are down in 2013 from 2012 but if you look at inventory for the same time period you will see that sales correspond with the number of homes available for sale.
Market Time Sold: This number has been very consistent over the past 2 years and days on market is averaging approx. 100 days.
Don’t be fooled by the low sales in 2013. The data shows clearly that the sales would be there if inventory could keep up. Days on market is down and median sales price is up. This is great news for sellers and buyers are probably going to be competing over properties.