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Hey everyone, welcome back to our latest market snapshot. Today we are going to go through the numbers for March 2015.
Let's start off by talking about the average days on market. Right now, we are sitting at an average of 53, but homes in lower price points are selling much quicker than that.
Our inventory is sitting right around 3 months, keeping us in a neutral market. One month from now, we should be sitting square in a seller's market, with less than 3 months of inventory.
One important factor if you are thinking about purchasing a home in the next couple months, is that you want to be set up on an e-alert system. When you have this set up for you by your agent, you will get an email every time a home that matches your specific criteria hits the market. This will allow you to reach out to your agent ASAP and set up a showing.
The average sales price in Omaha has increased, and now sits at $191,000, which is an excellent reflection of the growing strength of Omaha's economy.
Finally, interest rates still remain steady between 3.75% and 4%. They are low now, but we don't know when, and by how much, they will rise. But we know it will happen soon.
Thanks for taking the time to check out our blog today. We really appreciate all the feedback we have been getting from you! If you are interested in buying or selling, or just have a question for us, give us a call or send us a quick email.
Let's start off by talking about the average days on market. Right now, we are sitting at an average of 53, but homes in lower price points are selling much quicker than that.
Our inventory is sitting right around 3 months, keeping us in a neutral market. One month from now, we should be sitting square in a seller's market, with less than 3 months of inventory.
One important factor if you are thinking about purchasing a home in the next couple months, is that you want to be set up on an e-alert system. When you have this set up for you by your agent, you will get an email every time a home that matches your specific criteria hits the market. This will allow you to reach out to your agent ASAP and set up a showing.
The average sales price in Omaha has increased, and now sits at $191,000, which is an excellent reflection of the growing strength of Omaha's economy.
Finally, interest rates still remain steady between 3.75% and 4%. They are low now, but we don't know when, and by how much, they will rise. But we know it will happen soon.
Thanks for taking the time to check out our blog today. We really appreciate all the feedback we have been getting from you! If you are interested in buying or selling, or just have a question for us, give us a call or send us a quick email.
