Omaha, NE Real Estate -- Steve Lauver -- 402-689-7550

Thank you for checking out my November Real Estate market report for the Sarpy County area, including Papillion, La Vista, Bellevue, Springfield, Gretna and West Sarpy.

Active Listings, as of January 6, 2009 and Sold Data from December 1, 2008 to December 31, 2008. Months supply is the number of active listings divided by the number of sold listings for the month.

Sarpy County had 101 attached and detached homes sold in December 2008, compared to 141 sold in December 2007, which is down 28%. As of January 6, 2009, there were 790 active homes for sale, which is a 7.82 months supply. The number of active lists is down from 1,213 from last year at this time or down 34%.

December Data Active as of January 6, 2009, Sold 12-1-08 to 12-31-08

Sarpy County
Active listings 790
Sold listings 101
Months supply = 7.82
% change from same month 2007 down 28%

Papillion (Area 263)
Active listings 159
Sold listings 19
Months supply = 8.37
% change from same month 2007 down 37%

La Vista (Area 264)
Active listings 66
Sold listings 10
Months supply = 6.60
% change from same month 2007 down 41%

Bellevue (Areas 260, 261, 262)
Active listings 338
Sold listings 39
Months supply = 8.67
% change from same month 2007 down 29%

West Sarpy County Springfield 265
Active listings 24
Sold listings 2
Months supply = 12.00
% change from same month 2007 down 29%

West Sarpy County Gretna 267
Active listings 136
Sold listings 14
Months supply = 9.71
% change from same month 2007 down 59%

West Sarpy County Millard 266
Active listings 79
Sold listings 18
Months supply = 4.39
% change from same month 2007 down 5%

Thanks for viewing my home market report and check out my website at www.OmahaReatyPro.com. 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.

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 1/6/09; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR Data does not include any private home sales

Thank you for checking out my November 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 January 6, 2009 and Sold Data from December 1, 2008 to December 31, 2008. Months supply is the number of active listings divided by the number of sold listings for the month. Months supply over 6 months market is more of a buyers market. Months supply under 6 months is more of a sellers market.

Douglas County had 339 attached and detached homes sold in December 2008 compared with 379 in 2007, which is down 11%. As of January 6, 2009, there were 3,023 active homes for sale, which is 8.92 months supply of homes. Douglas County has 3,023 active listings, which is down from 3,442 or over 12% from last year

Active as of January 6, 2008, Solds 12-1-08 to 12-31-08

Douglas County
Active listings 3,023
Sold listings 339
Months supply = 8.92
% change from same month 2007 = down 11%

Downtown (230,240)
Active listings 291
Sold listings 16
Months supply = 18.19
% change from same month 2007 = down 43%

Midtown (231,241)
Active listings 489
Sold listings 53
Months supply = 9.23
% change from same month 2007 = down 2%

District 66 (232, 242)
Active listings 153
Sold listings 21
Months supply = 7.29
% change from same month 2007 = up 31%

North Omaha (210, 220-223)
Active listings 515
Sold listings 66
Months supply = 7.80
% change from same month 2007 =up 6%

Northwest Omaha (211, 224, 225, 233, 234)
Active listings 575
Sold listings 59
Months supply = 9.75
% change from same month 2007 = down 23%

West Omaha (245, 246)
Active listings 175
Sold listings 14
Months supply = 12.50
% change from same month 2007 = down 33%

Southwest Omaha (243, 244, 253, 254)
Active listings 455
Sold listings 70
Months supply = 6.5
% change from same month 2007 = down 20%

Elkhorn, Waterloo (212, 213)
Active listings 146
Sold listings 13
Months supply = 11.23
% change from same month 2007 = down 7%

Ralston (252)
Active listings 57
Sold listings 9
Months supply = 6.33
% change from same month 2007 =down 25%

Southeast Omaha (250, 251)
Active listings 159
Sold listings 17
Months supply = 9.35
% change from same month 2007 =down 6%

Thanks for viewing my home market report and check out my website at www.OmahaReatyPro.com. 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.

Search all Omaha Homes at 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 12/2/08; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR Data does not include any private home sales

Christmas came early for home buyers

Last month I wrote "As a home buyer would you rather wait for home prices to fall 5%, while mortgage interest rates climb by ½ %? Or buy a home now and get the current interest rate? ...." In that scenario I used the current interest rate of 6.5% and should what would happen if rates went up and down by ½%. Well Christmas came early for home buyers this year. Omaha Mortgage Interest rates have fallen to around 5.25% on FHA Mortgages. The following is a comparison of an estimated payment for a home purchase of $150,000 at 6.5% and the current 5.25%

1. Buy a $150,000 home with an interest rate of 6.5%
Purchase Price: $150,000
Loan Amount: $148,800
Interest Rate: 6.5%
Principal and Interest: $940.51

2. Buy a $150,000 home with an interest rate of 5.25%
Purchase Price: $150,000
Loan Amount: $148,800
Interest Rate: 5.25%
Principal and Interest: $821.68

The lower interest rate saves you on principal and interest of $118.83 a month.

Now is a great time to get out and start looking at homes. Winter is a slow time for home sales in general, which means sellers are more motivated to sell.

Search Omaha Homes for sale priced between $140,000 and $160,000 with 3 bedrooms and 2 baths.

If you have a mortgage with an interest rate of 6.25% or higher, I would suggest you consider refinancing. As a former mortgage loan officer, I can recommend you to an Omaha Mortgage loan officer that offers great rates and great service. Just send me an email.

Omaha Mortgage Loan Recommendation

Comprehensive Listing Exposure for Sellers, Complete Representation for Buyers.

Sell your Omaha Home

Buy an Omaha Home

Sell your Lincoln, Nebraska Home

Buy a Lincoln Nebraska Home

STEVE LAUVER
Nebraska REALTOR with DEEB Realty service both Omaha and Lincoln, Nebraska
Contact Steve at 402-689-7550

Thank you for checking out my November Real Estate market report for the Sarpy County area, including Papillion, La Vista, Bellevue, Springfield, Gretna and West Sarpy.

Active Listings, as of December 2, 2008 and Sold Data from November 1, 2008 to November 30, 2008. Months supply is the number of active listings divided by the number of sold listings for the month.

Sarpy County had 81 attached and detached homes sold in November 2008, compared to 154 sold in November 2007, which is down 47%. As of December 2, 2008, there were 867 active homes for sale, which is a 10.70 months supply.

November Data Active as of December 2, 2008, Sold 11-1-08 to 11-30-08

Sarpy County
Active listings 867
Sold listings 81
Months supply = 10.70
% change from same month 2007 down 47%

Papillion (Area 263)
Active listings 179
Sold listings 23
Months supply = 7.78
% change from same month 2007 down 38%

La Vista (Area 264)
Active listings 65
Sold listings 8
Months supply = 8.13
% change from same month 2007 down 47%

Bellevue (Areas 260, 261, 262)
Active listings 372
Sold listings 31
Months supply = 12.00
% change from same month 2007 down 38%

West Sarpy County Springfield 265
Active listings 27
Sold listings 0
Months supply = N/A
% change from same month 2007 down 98%

West Sarpy County Gretna 267
Active listings 150
Sold listings 11
Months supply = 13.64
% change from same month 2007 down 59%

West Sarpy County Millard 266
Active listings 91
Sold listings 8
Months supply = 11.38
% change from same month 2007 down 68%

Thanks for viewing my home market report and check out my website at www.OmahaReatyPro.com. 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.

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 12/2/08; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR Data does not include any private home sales

Thank you for checking out my November 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 December 2, 2008 and Sold Data from November 1, 2008 to November 30, 2008. Months supply is the number of active listings divided by the number of sold listings for the month.

Douglas County had 245 attached and detached homes sold in November 2008 compared with 511 in 2007, which is down 52%. As of December 2, 2008, there were 3,398 active homes for sale, which is 13.87 months supply of homes.

Active as of December 2, 2008, Solds 11-1-08 to 11-30-08

Douglas County
Active listings 3,398
Sold listings 245
Months supply = 13.87
% change from same month 2007 = down 52%

Downtown (230,240)
Active listings 314
Sold listings 8
Months supply = 39.25
% change from same month 2007 = down 62%

Midtown (231,241)
Active listings 533
Sold listings 36
Months supply = 14.81
% change from same month 2007 = down 56%

District 66 (232, 242)
Active listings 190
Sold listings 18
Months supply = 10.56
% change from same month 2007 = down 25%

North Omaha (210, 220-223)
Active listings 583
Sold listings 58
Months supply = 15.34
% change from same month 2007 =down 48%

Northwest Omaha (211, 224, 225, 233, 234)
Active listings 651
Sold listings 55
Months supply = 11.84
% change from same month 2007 = down 50%

West Omaha (245, 246)
Active listings 191
Sold listings 8
Months supply = 23.88
% change from same month 2007 = down 62%

Southwest Omaha (243, 244, 253, 254)
Active listings 530
Sold listings 50
Months supply = 10.60
% change from same month 2007 = down 52%

Elkhorn, Waterloo (212, 213)
Active listings 160
Sold listings 7
Months supply = 22.86
% change from same month 2007 = down 77%

Ralston (252)
Active listings 66
Sold listings 6
Months supply = 11.00
% change from same month 2007 =down 60%

Southeast Omaha (250, 251)
Active listings 168
Sold listings 19
Months supply = 11.00
% change from same month 2007 =down 32%

Thanks for viewing my home market report and check out my website at www.OmahaReatyPro.com. 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.

Search all Omaha Homes at 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 12/2/08; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR Data does not include any private home sales