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.
|
Total Number For Sale |
5276 |
|
Total Number of Accepted Offers |
868 |
|
Total Number of Closed Sales |
810 |
|
|
|
|
% of sellers that accepted an offer |
16.45% |
|
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.
HAPPY HALLOWEEN! With the end of the month here, it's time for my monthly blog summary of new homes for sale. If you or someone you know is looking for a home, check these out.
3318 S 19 St in the Deer Park subdivision of Omaha
5269 N 111 Cir in the Escalante Hills Replat II
2808 N 170 Cir in the Manchester Park subdivision of Omaha
9235 Tomahawk Blvd in the Tomahawk Hills subdivision of Omaha
5718 N 127 St in the Winchester Heights subdivision of Omaha
413 Bellevue Blvd in the Hillcrest subdivision of Bellevue
Also this month I did a featured blog on the arboretum that OPPD established at 108th & Blondo. Here it is again in case you missed it.
The sale of a property I was representing in the Southern Oaks subdivision of Bellevue at 2721 Coffey Ave closed and the buyer was represented by Lisa.
Working with a good agent makes my job much easier. Lisa did a great job and made the sale very smooth.
I hope we can do more business together in the future.
The sale of my listing at 10906 Black St in the Deerwood subdivision of Omaha closed and the buyer was represented by Ron.
Working with a good agent makes my job much easier. It is time consuming selling over 50 homes a year, but having a good agent on the other side of a sale makes closing a deal much easier.
Ron was a pleasure to work with.
Nancy assisted with the sale of my listing at 20920 Roundup Rd in Skyline Estates by representing the buyer.
Working with a good agent makes my job much easier. Selling real estate is time consuming, but working with good agents makes transactions easier.
Nancy made this an easy sale and I hope we can do business again.
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