Welcome to this month’s Omaha ,Nebraska real estate market report brought to you by Eric L. Brown Real Estate Agent.
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Omaha, Nebraska Housing Stats
The average sale price for homes in Omaha Nebraska during September 2019 was $206,000; this is up slightly from last September’s average of $191,000.00 which is a +9.27% of change from last year.
There were 1486 existing homes to hit the market in the Omaha area during September 2019, 125 of these were $99,999 or less, slightly up from 123 in this price range during September 2018. The median days on market for this price range was 5 days in September 2019 and in September 2018 the median days on market was 9 days.
There were 535 new listings in the $100,000 to $199,999 price range, down from 528 a year ago. The median days on market for homes in this price range in September 2019 was 4 days on market as compared to 5 days on market in September 2018.
There were 682 new listings in the $200,000 to $449,999 price range, down from 583 a year ago. The median days on market for homes in this price range in September 2019 was 7 days on market as compared to 10 days on market in September 2018. In this price range there was 1.8 months supply in September 2019 versus 2.0 months September 2018.
In the $450,000 and more segment there were 123 new listings to hit the market in September 2019. This was only slightly different than September 2018 as there was 122 new listings in this range. The average days on market in September 2019 for this price range was 17 days on market compared to 20 days on market in September 2018.
There is approximately 1.7 months of total existing inventory available (all price points combined), homes are averaging 5 days on market before being sold, and sellers are getting 100% of their original asking price.
In September 2019 there was 74 complete, never occupied new construction homes that hit the market. In September 2018 there was 60. The average price per square foot of new construction homes in September 2019 was approximately $202.00. In comparison the average price per square foot was $194.00. The average days on market for all new construction homes was 37 in September 2019 as compared to 79 days on market in September 2019.
What Does This Mean For Buyers In Omaha Nebraska?
Buyers in Omaha Nebraska can expect to see more inventory available as the fall buying season comes to an opening.
The average sale price has held steady this year, and in many price ranges, there are slightly less homes listed compared to this time last year.
Buyers should have financing in place and be ready to act when they find a property that matches their criteria. Be sure to search for properties in your price.
Give me a call today so i can help find your happy home! and i will be glad to help you.
What Does This Mean For Sellers In Omaha Nebraska?