April 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 will be updating you on what happened in our metro real estate market in the month of April. Hopefully this data can help you make more informed decisions and maximize your opportunities when you are looking to buy or sell a home.

• Average days on market was 52 days, which is down 2 days from March.

• In total, 943 units were closed for the month of April. This is a significant increase from March (841 closed properties).

• Our inventory is still at 3.6 months (or roughly 3,440 properties left on the market).

• Average List to Sale price ratio is at 97% which is consistent with previous months. One could expect, if they negotiate the right way, that a seller would pay a majority of their closing costs and they would get the home for around 3% below the listing price.

• Lastly, we have the interest rates, which are sitting at 4.25-4.5% for people that have the best credit. However, these rates are expected to rise by 1% by the end of 2015.

• This means that if you are thinking about buying, now would be the time to do so. You can buy a home much more affordably right now than you would be able to in just a year's time.

If you are curious about your credit or have any other questions about real estate in the Omaha area, then please do not hesitate to contact my team.
 
I would be more than happy to address any of your issues or concerns. Call me at 402-957-1116 or email me at Info@OmahasElite.com.