February 2014: Omaha Real Estate Snapshot

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.  

After a great response to our video blog last month, I'm here again to update you with some numbers from the Omaha real estate market. I also want to let you know that we can offer you market snapshots for your respective subdivisions and neighborhoods. Just respond to this video with what you want to know about your neighborhood and we will promptly get back to you with up to date statistics.

What did we see in Omaha real estate for February 2014?

• Average days on market was 64 days.
• In total, 629 properties were closed for the month of February.
• Our inventory is still at 5 months (or roughly 3,196 properties left on the market). Looking at this data, I can say that we are experiencing a neutral market right now.
• Average List to Sale price ratio is at 98%. (This is up 1% from last month)

These numbers tell me that it's still a great time to buy and sell in Omaha, and interest rates are still holding steady at about 4.5%.

If you have any questions or comments for me, please contact me. I would love to address any of your Omaha real estate inquiries. Call me at 402-957-1116 or email me at Info@OmahasElite.com.

January 2014: Omaha Real Estate Snapshot

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.

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.OmahasEliteRealEstateGroup.com/Home-Valuation. Any of our agents are glad to help interpret these results and we can even do a custom market analysis for your home. 

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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