There are many great Omaha area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (402) 957-1116 for a FREE home buying or selling consultation to answer any of your real estate questions.
Today I have a real estate market snapshot for the Omaha metro area. You can expect these short and informative market updates each and every month. The goal here is to educate you about the real estate market so that you can be successful in all of your endeavors.
To start, I'd like to say that 2013 was a banner year for this city, with over 12,400 unit sales in total. I believe this massive success will carry over to 2014.
To start, I'd like to say that 2013 was a banner year for this city, with over 12,400 unit sales in total. I believe this massive success will carry over to 2014.
What Happened with Omaha real estate in January 2014:
- Average days on market was right at 60 days.
- 627 properties closed in January alone, meaning that someone purchased and took new ownership of these homes.
- Our inventory was at 5 months (or roughly 3,136 properties left on the market). This number helps to tell us whether we're in a buyer's market, a seller's market, or a neutral market. If you have 3-7 months of inventory, then you're considered to be in a neutral market, which is right where we're finding ourselves.
- Average List to Sale price ratio was 97%. Homes are right now are selling at about 97% of the seller's asking prices. However, what we don't see is that sellers often pay an additional 2-3% in buyer's closing costs.
Overall this is a great market whether you're looking to sell or buy in Omaha.
On a side note, don't forget to check out our free home valuation tool: www.
If you need any assistance don't hesitate to call us at (402) 957-1116 or reach us via email at: Info@OmahasElite.com.
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