For those of you paying attention to the Omaha real estate market, the following information should be no surprise.

Things have slowed down quite a bit over just the last month. In the month of July (Omaha Real Estate Market - July, 2008) there was a 7.49 month supply of homes for sale. Check out the dismal numbers for August:

We now have a 9.10 month supply of homes for sale and this number will only increase in the coming months.

All hope is not lost. Homes are still selling but they have to be priced right. Of course that is the problem, too many sellers have not accepted what their home is worth in this market and as a result has it overpriced.

* These numbers encompass all residential listings in the Omaha Area Board of Realtors Great Plains Multiple Listing Service.

Trumm Team - Alliance Real Estate, Omaha, NE

Your Home Sold within 120 Days or I will Buy It!