Market Analysis

Found 5 blog entries about Market Analysis.

Omaha continues to be a seller's market, but there is one small change in the data to pay attention to.

 

If you are a homeowner, you are seeing a lot of appreciation in your home. For 2020, home prices appreciated 8.3%. In 2019, home prices went up 5% compared to 2018. 

One interesting change in the data is the 9.5% increase in new listings compared to December of last year. Omaha has an inventory problem so if more homes hit the market, that's a good thing.

December 2020 Omaha Area Real Estate Statistics

Average Sold Price: $267,219 (Up 8.3% from December 2019)
Homes Sold: 1,191 (Up 13.1% from December 2019)
New Listings: 930 (Up 9.5% from December 2019)
Pending Listings: 842 (Up 17.1% from December 2019)
Days on the Market: 16 Days (Down

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According to new data released by the Great Plains Regional MLS for November 2020, the Omaha area real estate market is still very strong.

Home values continue to rise while selling quickly (on average in just 15 days).

Inventory is very low so it looks like homes will continue to sell very quickly as prices continue to rise. It remains a seller's market in Omaha.

November 2020 Omaha Area Real Estate Statistics

Average Sold Price: $271,189 (Up 8.4% from November 2019)
Homes Sold: 1,207 (Up 7.8% from November 2019)
New Listings: 1,061 (Down 8.5% from November 2019)
Pending Listings: 958 (Down 0.6% from November 2019)
Days on the Market: 15 Days (Down 31.8% from November 2019)

All data from Great Plains Regional MLS. Report © 2020

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Especially this year, it can make a huge difference to a community to spend money at locally-owned, independent businesses. When it comes to filling your home with holiday spirit and decor, there’s no better option in Omaha than North Downtown’s Prairie in Bloom Marketplace. To learn more about decorating tips and trends, we tapped owners Mark Kanitz and Lukas Rix. Read on for Prairie in Bloom’s pro suggestions for decking the halls.  


Courtesy of Prairie in Bloom 

Keep it Classic

Good quality faux greenery never goes out of style. Whether it’s a simple spray or Garland piece, you’ll always be able to layer new trends into simple, timeless greens. They make a rich base layer to start from for any seasonal decor vignettes, according to Kanitz and

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Are you worried about interest rates? In the video below, I take a look at current interest rates and where they are headed in 2020.

Currently, interest rates are low so if you already own a home, it might be a good time to refinance.

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I love talking about real estate.

And there is never a shortage of people asking me about the current market. Everyone wants to know.

The answer is complicated because it depends on what “market” you are asking about. Are you a buyer? A seller? What price point? Location?

In general, homes are selling fast. Really fast. Unless you are talking about the luxury market (let’s say $400k and up). Those homes are taking longer to sell.

Homes between $100k and $250k in many neighborhoods are selling in days if not hours. And many with multiple offers.

How is this market compared to last year?

Compared to this time last year, there are FEWER homes on the market. And home prices (not including new construction) are up 9%. Yes, 9%! If you are a

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