Realtors say it’s both a buyer’s and seller’s market in Lincoln
By: Megan Palera
Good news for house hunters out there, right now it's both a buyer's and seller's market in Lincoln.
Leanne Edwards just sold her house on Saturday. Her 3,000 square foot house had been on the market for six months, waiting for the right buyer to come along.
“You just have to be patient and the right one will come along,” she said, and more and more “right” buyers are popping up.
According to the Lincoln Realtors Association, so far this year, nearly 2,000 homes have closed. That's a 26 percent increase over last year. Last month alone, more than 460 houses closed, that's more than 15 a day.
“A lot of people are coming back to raise their families. You know we've educated them here and now they're coming back home,” said Century 21 Realtor, Marcia Weddle.
It's not just a buyer's market in Lincoln, it's also a seller's. There's a historically low number of houses for sale. In June, only 1,500 homes were listed. Nearly a thousand home drop compared to listings before the recession.
“A lot of people then sold their house and the buyers got a tax credit so there was a lot of that going on but now everybody's just kind of settled down and they're waiting to see what the market will do,” said Weddle.
Right now, the market in Lincoln couldn't be better. If you need a little help closing the deal, a new trend is popping up. The seller is helping pay for the closing cost. That may be something to consider the next time your out house hunting.