According to the May 2021 data released by the Great Plains Regional MLS, the housing market shows no signs of slowing as the weather warms and pandemic restrictions ease across much of the country. Strong buyer demand, fueled by low mortgage rates, continues to exceed the near historic low supply.
The Bottom line:
Sales prices are surging as a result of the nationwide inventory falling way below what it was at this time last year. And this trend is likely to continue for some time.
Let’s take a look at some of the numbers from May 2021:
May 2021 Omaha Area Real Estate Statistics
Average Sold Price: $295,911 (Up 14.3% from May 2020)
Homes Sold: 1,355 (Up 5.4% from May 2020)
New Listings: 1,640(Down 13.5% from May 2020)