Homes are taking notably longer to sell than last spring, even as prices edge higher and buyers return to the market in larger numbers.
Median time on market jumped to 24 days from 16 a year earlier, even as sales volume edged higher and prices held roughly steady.
The typical Lincoln home found a buyer in just over three weeks this spring, even as prices held essentially flat and inventory edged higher.
Median prices jumped sharply year-over-year and listings cleared in roughly two weeks, but a falling per-square-foot figure hints at a shift in what's selling.
Sale prices slid year-over-year while the typical home spent almost twice as long on the market, even as buyers returned in greater numbers this spring.
Homes sold faster, more closed above asking, and prices ticked higher as buyers competed for a shrinking pool of listings in the three months ending April.
County supervisors advanced a new ordinance steering newly built homes toward local buyers and workers, while planners previewed sweeping changes to how housing projects get approved without hearings. Homeless services funding also dominated the May 12 agenda.
The City Council gave final approval to new backyard-cottage regulations and cleared the way for development on a Sierra Vista parcel, while planners green-lit a two-story addition in Old Town.
The median sale price fell sharply from a year earlier even as sales volume climbed and homes took more than a week longer to find buyers.
Sales jumped double digits year-over-year in the three months ending April, while the median price retreated and homes sold for slightly less per square foot.