Update on Omaha Real Estate

Real Estate Agent with CBSHOME Real Estate

Metro Omaha real estate has continued to improve in 2009. According to statistics from the Omaha Area Board of Realtors, in the first half of the year, 355 more homes were placed under contract than in the first half of 2008. The $8,000 tax credit the federal government is offering for first-time homebuyers is fueling the increase in buying.

On a national basis existing home sales rose for the fifth straight month. According to the National Association of Realtors that is the longest steak of gains since 2003. In the Omaha area the total of homes placed under contract has increased compared with the same period last year. It has been noted that recovery began in the starter-home market. Nevertheless, the latest housing statistics point to a beginning rebound is starting for higher-priced homes.

The flip side of the coin is that foreclosures are up. Omaha is facing more vacant homes as foreclosures are completed but no buyers found for the houses. Neighbors are beginning to chafe when seeing once well-cared for homes looking run down and neglected. But for buyers even this news means the inventory of available homes is still high.

There are obviously bargains out there.  If you are looking for a home in the Omaha Metro area et me help you.  If you are in the market I'm ready to help.  Give me a call at 402-697-4251 or email me at Marie.Otis@cbshome.com.

Comments (1)

Vickie Slade
Colorado Landmark, Realtors - Boulder, CO
Service You Can Trust ~ Someone You Can Depend On


Our market in the  Boulder/Broomfield Counties of Colorado is very similar.  We are seeing an uptick in the number of closed contracts, but also an increase in foreclosures.  As you know the foreclosures are making it difficult for sellers to compete with pricing. 

Aug 14, 2009 03:45 PM