May 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.    

Omaha Real Estate Snapshot for May 2014
Today I will be giving you a sneak peak into what happened in our metro real estate market this May. Hopefully this data can help you to make more informed decisions and maximize your opportunities when you're buying or selling in Omaha.

• Average days on market was 48 days, which is down 4 days from April.
• In total, 1,195 units were closed in May, which is a healthy increase over last month. 
• Our inventory is at 3.1 months (or roughly 3,677 properties left on the market). 
• We are still in a neutral market, but we're heading towards a seller's market according to these numbers. Once we drop below 3 months of inventory, you may want to consider putting your home up for sale. A lot of homes are selling in less than 2 months, and some are even selling in 2-3 weeks. 
• Average List to Sale price ratio is at 98% which is consistent with numbers from previous months. This means that we're seeing sellers get a little bit more money for their homes.
• Interest rates are sitting right at 4.25-4.5% for people that have the best credit. However, these rates are expected to rise in the coming months. This means that if you're considering taking out a mortgage loan, don't wait!

If you have any other questions about the real estate market here in Omaha, then please don't hesitate to contact us via phone or email. We can give you more detailed breakdowns of what is happening in each neighborhood in our city.
 
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.