Welcome to this month’s Omaha Nebraska area real estate market report brought to you by Eric L. Brown Realtor. This particular report pertains to Douglas County which covers the metropolitan area of Omaha.
If you are in the market for a new home, use our home search tool to find properties in your price range. Give us a call and we can answer your home buying questions.
If you are thinking of selling your home, you can take advantage of our free home valuation tool to get an idea of your home’s worth. We can list and market your home to qualified buyers to get your home sold quickly.
Douglas County Housing Stats
The average closed sale price for all homes both existing and new construction in Douglas County Nebraska during June 2020 was $259,323; this is up slightly from last June’s average of $247,566.
In Douglas county there is approximately 1.1 months of inventory available (all price points, new and existing combined), homes are averaging 21 days on market before being sold, and sellers are getting 99.8% of their original asking price.
Existing, previously owned home data for June 2020 by price range
$128,999 or Less
There were 90 homes in this price range that hit the market in June 2020 this compared to 133 homes in June 2019.
The average days on market for this price range in June 2020 was 23 days as compared to 16 days in June 2019.
There was 99 homes pending in this price range in June 2020 versus 111 homes in June 2019.
The absorption rate or months supply for this price range is .60 months as of June 2020
$129,000 to $179,999
There were 174 homes in this price range that hit the market in Douglas county as of June 2020 this compared to 239 homes in June 2019.
The average days on market for this price range in June 2020 was 8 days as compared to 6 days in June 2019.
There was 159 homes pending in this price range in June 2020 versus 212 homes in June 2019, a 75% decrease.
The absorption rate or months supply for this price range is .4 months as of June 2020
$180,000 to $291,999
There were 409 homes in this price range that hit the market in June 2020 this compared to 397 homes in June 2019.
The average days on market for this price range in June 2020 was 9 days compared to 8 in June 2019.
There was 397 homes pending in this price range in June 2020 versus 310 homes in June 2019.
The absorption rate or months supply for this price range is .4 months as of June 2020
$292,000 and Up
There were 323 homes in this price range that hit the market in June 2020 this compared to 300 homes in June 2019.
The average days on market for this price range in June 2020 was 21 days compared to 23 in June 2019.
There was 238 homes pending in this price range in June 2020 versus 189 homes in June 2019.
The absorption rate or months supply for this price range is 1.8 months as of June 2020 compared to 3.2 in June 2019
New Construction in Douglas County Nebraska-
In June 2020 there was 30 complete, never occupied new construction homes that hit the market. In June 2019 there was 28. The average price per square foot of new construction homes in the Douglas county market in June 2020 was approximately $217.00 per square foot, in comparison the average price per square foot in June 2019 was $203.00. The average days on market for all new construction homes in Douglas county was 123 in June 2019 as compared to 54 days on market in June 2020.
Douglas County New Construction Homes For Sale
Douglas County Closed Sale Volume
What Does This Mean For Buyers In Douglas County Nebraska?
Buyers in Douglas County Nebraska can expect to see continued low inventory available in existing homes. The current interest rates and land prices in Douglas county makes new construction an attractive option.
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.
Average Price Per Square Foot Paid for a home in the Douglas County Nebraska Area
What Does This Mean For Sellers In Douglas County Nebraska?
The Omaha area is still in a sellers market with only 1.1 months of inventory available. There is a strong demand for homes in the $130,000 to $180,000 price range.
Sellers can use our free home valuation tool to get an idea of their home’s worth, then give me a call and i can answer all your questions about getting your home listed today.
