Omaha Real Estate Market December 2009!

Here is a break down for December 2009 Sarpy County Market Report. Active listings continue to decline by 10% to 20% compared to 2008 and 2007. Sold listings for December 2009 drop from November 2009, but are flat compared to 2008.

The decrease in active listings has helped stabilize home prices, but pricing continues to be under pressure. The drop in number of home sales can be contributed to cyclical factors in real estate and the holiday season. I think buyers and sellers will start looking and selling in the next few weeks. Two blizzards in December and a cold streak in January will not help activity.

Sarpy County
December 2009
Active: 742
Pending: 202
Sold: 105

Thanks for viewing my home market report and check out my website at www.OmahaReatyPro.com. If you're considering selling a home, I would appreciate the opportunity to market your home. If you are considering buying a home, be sure to check out my website and search the Omaha MLS for homes and when you are ready I would be happy to help purchase your new home.

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 1/07/2010; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR Data does not include any private home sales

iT'S A SNOW DAY!

Toasty warm in

Freezing snow and icicles out.

Cooking chicken on the stove

Getting ready for dumplins.

Kids are playing

and scrap-booking.

Husband thawing out

Dreading the next bout.

Thankful for a good snow blower

a furnace and hot chicken & dumplings!

Hot chocolate, coffee cup full

Weather on the TV

Telling the story whole.

The future looks cold!

12 inches of snow

& 9 below!

*************************

Sarpy Real Estate Market Report November 2009.

Home sales in Sarpy county jump over 100% compared to November 2008. Douglas County also saw a big jump in home sales. The main factor is the US government tax credit for home buyers. Also contributing to the rise in home sales is historically low mortgage interest rates and a stabilizing economy.

One thing I noticed today, as I was reviewing the market data, is the continued decrease in the number of Active listings compared to 2008 and 2007. In November 2007 there were 1,213 Active listings, November 2008 there was 867 and in November 2009 there are 777 Active listings, which is a decrease of 35.94%. I think this is a good sign for real estate because it brings the supply and demand for homes more in balance. The US government recently extended and expanded the home buyer tax credit until April 30, 2009. I expect after January 1 many home sellers will decide to sell in order to take advantage of the home buyer tax credit. If you are considering selling, please call me for a marketing presentation and valuation.

There was a dip in home sales from October and November 2009, which is a normal trend because real estate is cyclical and November, December and January are slower months for real estate.

Sarpy County, Omaha Real Estate Market Report (Active, Pending, Sold):

Omaha, NE (All of Sarpy County)

• Active (12/7/2009): 819
• Under Contract - Pending (12/7/2009): 230
• Sold Nov 1, 2009 to Nov 30, 2009: 180

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