Omaha Real Estate Snapshot: 2014 Year In Review

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.

The new year is here, so today we want to give you an update on the numbers for last year. We'll go over what happened in 2014, and how it will affect our market in 2015. First, let's talk about inventory.

All year in Omaha we saw about 3-4 months of inventory. This puts us in a neutral market for most of the year, aside from a few summer selling months.

The average days on market for a home in 2014 was 48 days, which is exciting. Our team is equally as excited to announce that our average time on the market was down to just 30 days in 2014, and over half of our homes sold in less than one week.

The average sales price increased this past year as well. The figure now sits at $182,000, up by about $6,000 in the last year. We expect the average sales price to continue to increase in 2015 by an additional $6,000-$10,000, which is great news for homeowners in the metro.

Now, what about interest rates? They stayed flat at around 4% all year long, but are hovering near 3.6% right now. If you have been waiting to buy, it's likely you may never see a rate this low again.

If there is anything we can help you with or if you have any questions at all, feel free to give us a call or send us an email. We look forward to talking with you soon!