Omaha Real Estate Market Report Sep 09

Omaha Real Estate Market Report Sep 09

Over the past several years, I have compiled and tracked active and sold listings for the Omaha Real Estate Market.  There are a couple of interesting statistics I wanted to point out.  Active listings continue to be down by 10% to 15% for 2009.  Sold listings are up 10 to 15% from September 08 year to date total of 5,527, compared to September 2009 ytd total of 6119.  September 2009 sold listings are up over 45%, compared to September 2008.  Last year, the last quarter of the year for the economy and real estate was terrible.  I wouldn't be surprised if we see October and November sale activity up over 100%.

The decrease in active listings has helped stabilize home prices, but pricing continues to be under pressure. The jump in number of home sales can be contributed to a couple of reasons.  First, I think the first time home buyer tax credit of $8,000 is a major reason.  Second, low interest rates have helped the move up buyer, to either downsize or upsize from their existing home.

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

Omaha, NE (All of Douglas County)

• Active (10/5/2009):  3,423
• Under Contract (10/5/2009):  1,197
• Sold July 1, 2009 to October 5, 2009:  559

If you are interested in buying or selling your home in Omaha, please call me at 402-689-7550 with your inquiries. To search for homes in the Omaha area, please visit my website The Omaha Realty Pro.com.

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 10/5/09; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver— Omaha REALTOR Data does not include any private home sales