Lincoln County Housing Update - Resale Only
Pre-summer and summer are the high points of the year for new resale listings on the market, and this year is no exception. Yet, when looking at past data, we are seeing
below-historic levels of new listings coming onto the market.
We are currently experiencing an overall strong level of Sales Activity Intensity™ for new listings going under contract.
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Key Market Indicators JUNE 2024 (MAY RECAP)
Source: NWMLS - Resale only
© 2024 John L. Scott Real Estate
Typical Seasonal Pattern
CURRENT INTEREST RATE
June 3, 2024 Source: Mortgage News Daily
7.11%
The biggest price boost typically happens during the first three months of the year, as the market is at a low point of unsold properties and new listings over the winter. During the summer months, more homes become available and home price increases begin to mellow.
Yearly Home Price Appreciation Cycle
![](https://media-s3-us-east-1.ceros.com/john-l-scott/images/2024/06/07/885d6dab1495219f21572d07744bb52a/processed-svg-image.svg)