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.
- Average days on market: 45
- Closed units: 913
- Inventory: 4.1 months
- List-to-sale: 98%
- Interest rates: 4%-4.25%
What does all of this mean? Well, 45 days on market is a great number - it's only 7 days more than we saw in September. This means that if you were to list your home today, you could expect a contract within 45 days. We took a look at all the listings we sold this year and over half of our homes actually sold quicker; if your home is in good condition and priced properly, you can expect a contract in only two or three weeks.The number of closed units is down about 10% since September, but that's to be expected as the colder weather sets in and the holidays approach. Despite the four months of inventory, we're still in a neutral market; buyers can still find great deals out there and sellers can still sell close to listing price. The list-to-sale ratio has stayed pretty steady at 98%, so you can expect to sell for 2% under the list price. Finally, interest rates are still incredibly low at 4%-4.25%. If you're investing, you're probably going to get rates over 5%, whereas FHA loans are going for a little under that 4% mark.
We want to thank everyone who has visited our blog throughout the year, we've been getting a great response. If there is anything specific you would like us to cover in these market updates, don't hesitate to reply. We would love to touch base on any topics surrounding the real estate market.
We appreciate the support, and have a great day!
