With the new month it's time to see where the Omaha real estate market is at.
|
Total Number of Omaha Homes For Sale |
5071 |
|
Total Number of Accepted Offers |
1003 |
|
Total Number of Closed Sales |
841 |
|
|
|
|
% of sellers that accepted an offer |
19.78% |
|
Absorption rate in months |
5.06 |
While the percent of sellers that accepted an offer has been gradually slipping over the last few months, it is still slightly higher than it was in May. With the $8,000 first time homebuyers tax credit ending on November 30, I expect the market to remain relatively steady through October. Then the usually Fall and Winter slowdown will be exaggerated when the rush of first time buyers comes to an end.
To review last month's statistics go to Omaha Real Estate Blog Monthly Review. Information was obtained from the Omaha Area Board of Realtors Great Plains MLS.
Troy,
First of all thank you for inviting me to you blog. It's phenomenal that way that you are set up.
I recently began to take my course credits for CRS designation, and they mentioned how critical it is to know all about your numbers and your market place numbers. I love the concept! Plus to see you put it into play, drives me.
Regards,
Ed Martinez
Troy, Good information. It will be interesting to see if the Feds have anymore rabbits in their hat after November 30.