The housing market data in Lincoln is a little misleading.  There are several homes on the market that have been listed over 100 days which spews the day on market.  Also, most of these homes are listed over 1 million dollars which is skewing the market data to the higher side price wise in the active market listings.  The average price has the Lincoln housing market up about 9% comparing November 2020 to November 2019.  Also, you can see that homes are selling much faster when you look at days on market November 2020 to November 2019 is 18 to 37.    

Lincoln

November-20

 

Active Listings

Orig Price

List Price

Sale Price

DOM

Active

82

$910,273

$896,843

 

58

Pending

117

$573,558

$571,665

 

24

Sold 2020

90

$553,642

$551,813

$558,073

18

Sold 2019

87

$532,072

$518,173

$512,599

37

 

 

Lincoln

Home Sales last 6 months

 

Number of Sales

Average Price

Median

DOM

November 19

540

$526,719

$485,000

30

November 20

738

$548,695

$491,500

27

If you look at this data, it shows that there is a big difference from the Average sales price and the Median sales price.  The higher priced homes have skewed the market to the higher side.  Over the last 6 months the days on market is almost the same for 2020 to 2019.