Today, we’re here with your market snapshot for the third quarter of 2015. This year, our team helped over 500 families buy and sell homes. Thank you all for your business and referrals! We’re so excited about our contribution to families in Omaha.
Omaha is still in a seller’s market with 2.9 months of inventory.There’s a little over 3,000 homes on the market. The average days on market has dropped to 31 days, which is the best it’s been all year! This is great news for the fourth quarter.
The average sales price dropped slightly to $193,000. If you have a home priced between $150,000 and $250,000, expect to sell within 30 or 45 days. If you are priced over $400,000, it may take longer, so ensure your property is in good condition and you price properly.
The list to sales price ratio is 98 percent, which is great news for sellers. Interest rates remain at 4 percent, as we predicted. If you have strong credit, go ahead and lock in a 30-year fixed loan with these rates!
If you have any questions for us, give us a call or send us an email. We would be happy to help you!