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Tuesday, March 10, 2015

Market Snapshot for January 2015



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.

Omaha Real Estate Agent
Starting with this post, we are excited to be giving you a monthly market snapshot for the Omaha real estate market. We'll go over current conditions in the metro real estate market throughout the year, and review each month's numbers with you. Let's start with January.

In the month of January, our inventory stayed steady at around 5 months, but as we get into the spring and summer months, that number will drop, and homes will start selling a lot faster.

Right now, homes are selling in an average of around 60 days. In the coming months, that number will probably fall near 30 days or fewer.
 

One great thing about our team is that our average days on the market is 1/4 of the current average. Our agents are selling homes in an average of just 16 days. The reason for this is that our team does 3 things exceptionally different than other agents in town:

1. Professional staging for each property.
2. Professional photography for each property.
3. Professional videography for each property.


Next, let's talk about the average sale price in Omaha. In January, the average sale price in Omaha was $168,000. This is a little lower than the few previous months, but we expect this figure to rise as we get into the spring and summer.
 

Lastly, let's discuss interest rates. They have stayed near historic lows for the past year and we expect them to hang around their current rates for another year. Right now, you can get a typical 30-year fixed mortgage with an interest rate of 3.5-4%.
 

If you have any questions, or are considering buying or selling in Omaha, let us know. Give us a call or send us an email. We would love to help you achieve your real estate goals!