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Omaha’s 4th Quarter Market Update

If you’ve been thinking about selling, now may be a perfect time.

Today we’ll be looking at what’s going on in Omaha’s real estate market in the fourth quarter.

We’re still in a seller’s market, though it isn’t as strong as we experienced in the second and third quarters. If you’re selling a home between $150,000 and $300,000, you can expect it to be sold pretty quickly. Our average days on market so far this year is seven days. Properties for over $500,000 can be expected to take around 30 to 60 days to sell, depending on how it’s priced and its condition.

We expect the market to soften a little going into 2019. We’ve seen around a 15% decrease in overall sales, which is largely due to less inventory being available. Our team has hundreds of buyers looking for new homes, but there simply aren’t any to sell.

If you’re looking to buy or sell a home, have any questions, or would like further information, feel free to reach out to me. I look forward to hearing from you.

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