We are into the 2nd half of the year, so today we wanted to give you a recap with Omaha’s quarterly market snapshot. We are going to talk about the 2nd quarter numbers, and what we predict will happen in the 3rd quarter.
In an average month, there are about 800-1000 homes that go under contract in Omaha. In the last two months we have seen about 1400 homes come onto the market in both May and June, an enormous 40% increase from this time last year. If you have even been considering selling your home, now is a great time to test the waters.
Right now, homes are selling faster than normal, with the average days on market down to 33. Average sale prices are increasing as well, and this is the first time we have seen the average sales price go up over $200,000. It currently sits at $209,000.
The average list-to-sale price is 98%, so you can expect to get an offer somewhere in that range for your home.
As for interest rates, it has long been rumored that they will rise, but it really hasn’t happened yet. Rates are still quite low, 4-4.5% for a 30-year fixed. We don’t know exactly when they will go up- nobody does- but we do know they are historically low right now.
If you have any questions for us, don’t hesitate to reach out to us via phone or email. We are never too busy for your questions!