Lincolnia Real Estate Market Continues Growth in Contracts

The Lincolnia market was steady this week as sales remained at nine homes over the prior 30 days, but the area is experiencing a recent upward trend of contracts closing, now up to 11. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are rising in Lincolnia, and the median sales price this period increased from $425,000 to $439,000. There are only two months of inventory available in Lincolnia, so it's a strong seller's market, even if sales are flat.

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Demographic facts for Lincolnia:

  • 42.8% of the people in this area are renters.
  • The job growth projection is 40.2% for the next 10 years.
  • For every librarian there are 494 students in this area. (803 = national average)

Data reported through 1/11/2017

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