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.
What did we see in Omaha real estate for March 2014?
- Average days on market was 54 days. This figure has gone down by 10 days, indicating increased market activity. We're really excited about this because Omaha's Elite Real Estate Group had an average days on market of less than 30 days in the last three months.
- In total, 841 properties were closed for the month of March, which is a significant increase from February when we closed around 600 properties.
- Our inventory is currently at 3.9 months (or roughly 3,249 properties left on the market). We expect this number to continue to steadily decrease as homes continue to sell rapidly now that we're in warmer Spring weather.
- We're still sitting in a neutral market, but we expect the increased activity in real estate to cause inventory to fall below a 3 month supply, which will situate us in a seller's market.
- Average List to Sale price ratio is still at 98%. As we get closer to a seller's market, we believe this number could approach 100%.
- Also, a buyer in Omaha can expect a seller to pay all of the closing costs right now, which will be about 3% of the total sales price. As we approach a seller's market these home sellers will not be as willing to pay all the costs associated with closing a property.
When I look at these numbers, I think it would be appropriate to say that it's a good time to buy and that it's also a good time to sell. One thing that is for sure is that the real estate market in Omaha will be picking up its pace as we head into the summer months.
You can also take Advantage of our Reverse Prospecting Software
Today I also wanted to take the time to tell you about an exclusive offer that we've never done before. This is aimed towards the followers of our video blog, and we have an amazing tool on our website that we refer to as reverse prospecting. What you can do if you're interested is reply to this email with your current Omaha address. I will then enter your address into our marketing tool and we can generate leads into our current buyer database.
This will give us an idea of how many active, interested buyers there are for your property with just the click of a button. It will do a search based on what our active buyers are looking at in terms of price, location, and style of home. This is free of charge and I will send you an email within 24 hours that will show you how many active buyers there are for your property in Omaha.
If you're thinking about listing your home anytime in the near future, we think this would be great a opportunity for you. We can also run a free market analysis on your home to give you an idea of what your home would be worth in our Omaha marketplace.
If you have any questions or comments for me, please contact me. I would love to address any of your issues or concerns. Call me at 402-957-1116 or email me at info@OmahasElite.com.
