Keller Williams Omaha: Housing market recovery stalls

I ran across this article in the Omaha World-Herald that does a good job of explaining the current status of the local real estate market. Although the stimulus program was good for our market in the spring it has actually hurt our summer market. It seems that we took most of our summer buyers and changed them to spring buyers. Now we are left with a "hangover effect". I'm starting to believe that the stimulus program actually had a negative effect on our overall market. I also think that many buyers are now waiting for another "program" before they will enter the market.

http://omaha.com/article/20100710/MONEY/307109985

I know this article may be a little negative about our market but I think it is important to be realistic with our sellers about the current conditions. At keller Williams we have a system that provides monthly local market statistics from the MLS. These numbers help us understand what is going on in the current market and allow us to become a more knowledgable real estate professional.

Knowing the local market statistics (and using them) helps your sellers to have realistic expectations. It is up to us as real estate professionals to know the numbers.