Omaha Real Estate Market January, 2010
This is a summary of the Omaha real estate market. Of course I know that we are almost at the end of February by now, but better late than than never.
The overall market has picked up and there is now an 8.42 month supply of homes for sale. This is down from 11.86 in December of 2009.
| Total Number For Sale | 4328 |
| Total Number of Accepted Offers | 514 |
| Total Number of Closed Sales | 307 |
| % of sellers that accepted an offer | 11.88% |
| Absorption rate in months | 8.42 |
Now for the existing home sales in Omaha. The number of sales are down from December, 2009 but this is to be expected. Since few people are writing offers in December, January has fewer closings.
|
Existing Residential Properties Closed: |
Jan-10 |
Jan-09 |
January 10 YTD |
January 09 YTD |
|
Total Existing Construction Sales |
312 |
374 |
312 |
374 |
|
Total $ Volume |
$48,040,776 |
$50,657,923 |
$48,040,776 |
$50,657,923 |
|
Avg. List $ |
$161,636 |
$141,764 |
$161,636 |
$141,764 |
|
Avg. Sold $ |
$153,976 |
$135,448 |
$153,976 |
$135,448 |
|
High Sold $ |
$0 |
$625,000 |
$0 |
$625,000 |
|
Median Sold $ |
$129,750 |
$120,700 |
$129,750 |
$120,700 |
|
Low Sold $ |
$5,000 |
$9,000 |
$5,000 |
$9,000 |
This same patterns holds true for new construction homes but even more so. The number of closed sales is about half of what it was the previous month.
|
New Residential Construction Closed: |
Jan-10 |
Jan-09 |
January 10 YTD |
January 09 YTD |
|
Total New Construction Sales |
45 |
43 |
45 |
43 |
|
Total $ Volume |
$11,093,208 |
$11,412,221 |
$11,093,208 |
$11,412,221 |
|
Avg. List $ |
$245,780 |
$266,580 |
$245,780 |
$266,580 |
|
Avg. Sold $ |
$246,515 |
$265,400 |
$246,515 |
$265,400 |
|
High Sold $ |
$882,000 |
$864,363 |
$882,000 |
$864,363 |
|
Median Sold $ |
$231,800 |
$245,500 |
$231,800 |
$245,500 |
|
Low Sold $ |
$87,157 |
$126,400 |
$87,157 |
$126,400 |
From what I have seen is that sales are picking up and prices are remaining steady. The increase in sales might be due to more buyers or because sellers are becoming more realistic about what their homes are worth.
Information was gathered from the Omaha Area Board of Realtors
I need to sell my home in Omaha? What's my Omaha home worth?
| Troy Trumm, Trumm Team - 402-943-9494, Omaha NE |
| Omaha Homes For Sale |
| Omaha Real Estate |
