Omaha Real Estate Market Report Oct 09

Omaha Real Estate Market Report October 2009.  There are a couple of interesting statistics I wanted to point out.  Active listings continue to be down by 10% to 15% from 2008.  October 2009 Sold listings 672 are up 51% from 446 sold in October 2008.  This is not to surprising because the last quarter of the year in 2008 was terrible for the economy in general and for real estate sales. 

The decrease in active listings has helped stabilize home prices, but pricing continues to be under pressure. The government extended and expanded the Home Buyer Tax Credit until April 30, 2009.  They added a provision for move up or down buyers.  Check out my recent blog post for details.  Interest rates continue to remain low and stable, which will continue to help support the real estate market.

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

Omaha, NE (All of Douglas County)

• Active (11/9/2009):  3,294
• Under Contract - Pending (11/9/2009):  1,022
• Sold Oct 1, 2009 to Oct 31, 2009:  672