Lincoln's housing market inventory at historical low - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Lincoln's housing market inventory at historical low

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By: Jenn Hatcher
jhatcher@klkntv.com

Realtors are calling Lincoln's housing market, strange, because of the limited number of listings and the competition of buying a house.

In the summer of 2008 the city saw a record number of houses for sale.

Now, it's the total opposite and buyers don't have a lot of options.

"We only have 1248 listings," says Nicole Jensen, Realtors Association of Lincoln.

Jensen says Lincoln's about 300 short of a 'healthy' listing number.

Kim Zwiener with Sellstate Realty says buyers need to keep their eyes peeled and be quick on their feet.

"Everybody's looking at the same property and when new ones come on those buyers are ready to jump on to that property, get out there and look at it right away and write their offers right away," says Kim Zwiener.

Zwiener's tips to buyers:

-have a pre approval letter and an earnest deposit ready

-check the market daily

-write up an offer within days of a showing.

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