The numbers for the Omaha real estate market are in for the month of October and they are a little disappointing. Based on the rate of sales there is currently just over a six month supply of homes to sell. This is the largest supply of homes since February 2009.
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Total Number For Sale |
5276 |
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Total Number of Accepted Offers |
868 |
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Total Number of Closed Sales |
810 |
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% of sellers that accepted an offer |
16.45% |
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Absorption rate in months |
6.08 |
Much of this is due to the looming expiration of the $8,000 First Time Home Buyers Tax Credit. If this were to be extending, as some in Congress are proposing, I expect that sales would pick up a bit.
To compare this to how the Omaha market fared in September, visit Omaha Real Estate Market - September, 2009.
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Comprehensive Marketing and Outstanding Service for home sellers in Omaha and surrounding areas of Nebraska! www.TrummTeam.com - (402) 943-9494
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I’d like to thank Con McGill at Your Buyers Broker Inc.
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