Looks like I was on to something a while back when I noted how many houses are for sale in Lincoln, along with the heavy FSBO presence. Lincoln is facing a surplus of houses for sale, relative to previous years. Over 2,000 houses are on the market through realtors, and scores more are for sale by owner.
Bad news if you're trying to sell, but good news if you're in the market to buy and you want plenty of choice.
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I threw my 2 cents in on that original post. Just to update ...
Since then we did sell our house for considerably less than we thought we would have to take. But with 2,000-plus homes on the market, we feel lucky to have gotten out of it. It took 75 days, give or take, to sell the house. At the time, that was torture. In retrospect, probably not all that bad.
Well since you just sold your house, Fox, I’ve got one I can sell you 😉
Nice looking house!
I think the interesting part is that new construction is being hit the hardest. I’ve always been a big fan of older areas of town- not only are the trees fully grown, but there’s a history there and it’s just, well, less boring. While I won’t argue there are problems with older houses (mine is almost 100 years, and starting to show its age) I still think the advantages outweigh the negatives. It will be interesting to see what happens when the Antelope valley project is complete- it will certainly make the middle of town more livable.
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