Douglas County February Market Update

Thank you for checking out my February Real Estate market report for Omaha NE including Downtown Omaha Condos, Midtown - Dundee, UNMC, North Omaha - Benson, Northwest Omaha, West Omaha Homes, Elkhorn, Ralston and Millard homes that are for sale on the Omaha MLS. .

Active Listings, as of March 7, 2008 and Sold Data from February 1, 2008 to February 29, 2008.  Months supply is the number of active listings divided by the number of sold listings for the month.

February was not the best month for sales.  We are still gearing up for the Spring home buying season.  As soon as the weather warms up, I think we will see more sales.   On a positive note, daylight savings time is now about 3 weeks earlier then normal, I think more buyers will get out and drive by homes in the evening.  I still think the threat of a recession hovers over the country.   One thing about the Midwest/Omaha area is our economy is pretty stable versus other larger metropolitan areas.  I continue to believe there are a couple of wild cards for this year's real estate market will be how election year politics and the threat of $4 gas have on home buyers?  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.

Thanks for viewing my home market report and check out my website at http://www.omahareatypro.com/.  Also, if your interested in a foreclosure or bank owned home, send me an email and I will set you up on a special email notification as they come on the market.

February Data Active as of 3--7-2008, Sold from 2-1-2008 to 2-29-2008

 Douglas County

Active listings 3,640
Sold listings 366
Months supply = 9.95

Downtown (230,240)

Active listings 368
Sold listings 17
Months supply = 21.65

Midtown (231,241)

Active listings 385
Sold listings 51
Months supply = 7.55

District 66 (232, 242)

Active listings 174
Sold listings 18
Months supply = 9.67

North Omaha (210, 220-223)

Active listings 616
Sold listings 59
Months supply = 10.44

Northwest Omaha (211, 224, 225, 233, 234)

Active listings 792
Sold listings 71
Months supply = 11.15

West Omaha (245, 246)

Active listings 202
Sold listings 13
Months supply = 15.54

Southwest Omaha (243, 244, 253, 254)

Active listings 693
Sold listings 93
Months supply = 7.45

Elkhorn, Waterloo (212, 213)

Active listings 145
Sold listings 13
Months supply = 11.15

Ralston (252)

Active listings 66
Sold listings 9
Months supply = 7.33

Southeast Omaha (250, 251)

Active listings 205
Sold listings 24
Months supply = 8.54

Search all Omaha Homes at http://www.omaharealtypro.com/  When you are there, sign up for my Omaha Home Finder service.

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service; OABR deems information reliable but not guaranteed.  Prepared by Steve Lauver-REALTOR

Steve Lauver REALTOR DEEB Realty - The Better Choice tel.:402-689-7550 fax: stlauver@cox.net http://www.OmahaRealtyPro.com