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Thursday, October 16, 2014

Omaha Real Estate Market Update for October 2014


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.

We are very excited to share with you today another market snapshot for the Omaha real estate market. We have a lot of great numbers to show you, so let’s get started:
  • The average days on market for a home is at 38 days, down from 43 days in August. 
  • There were 1,043 closed units in September. 
  • Our inventory is steady, right at 3.6 months. There are still a lot of good homes out there for purchase if you are looking for one this Fall. 
  • The list-to-sale ratio is at 97%. Sellers can expect to sell their home for 97% of asking price, while buyers can expect to have the seller pay almost all closing costs. This is a great atmosphere for both buyer and seller. 
  • Interest rates have stayed low all year, hovering around 4%. 
Anytime you are thinking about buying or selling a home in Omaha, we are here for you. We would love to come by and give you an in-home market evaluation of your property, even if you don't plan on selling quite yet. If you are a buyer, we'd love to talk to you about your needs and what you are looking for in your next home.