Omaha Real Estate Market Recap 2009!

By
Real Estate Agent with Nebraska Realty -

Well, 2009 is in the books.  I compiled some statistics for the year that you might be interested in.  First let me start out by saying that 2009 was a much better year for real estate than 2008.  The main factor was the home buyer tax credit offered by the government.  Good news for 2010, or at least the first few months of 2010, is the extension and expansion of the buyer credit until April 30, 2010.  Another interesting note is the continued decrease in active listings.  In December 31, 2007 there were 5,409 active listings, in 2008 there were 4,678, and in 2009 there were 4,330.  I think it is a good sign for home values (supply and demand) and we are closer to a better balance.  Finally, real estate is cyclical and will always be cyclical.  Some worry the tax credit will have a negative affect on sales in the second half of 2010.  If you look at 2008 and 2009 sales, notice the similar pattern of sales throughout the year.  The market starts off slow in January, and picks up over the spring and summer, then decreases through the fall and December.  The Omaha real estate market is pretty sound compared to other markets with higher foreclosure rates.  The local economy is stable and I think will expand in 2010. 

2009 Douglas and Sarpy County

Total SOLD: 9,189
Douglas County SOLD: 6,852
Sarpy County SOLD: 2,337    

Dec 2009

Dec 2009

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Steve Lauver

Omaha Realty -- 402-689-7550
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