Market Slows! Buyers have their choice of homes

Real Estate Agent with Nebraska Realty -

Since August of this year, the Omaha Real Estate market has been pretty slow, as many listings are proof of that.  Entering the November and December months, home sales typically slow down by 10%, which makes a slow market even slower - not good news for sellers.  But for buyers this means they will have their choice of homes at some of the best prices of the year.  After the first of the year and into Spring, more buyers traditionally enter the market and sellers will not need to negotiate as much on price to get their home sold. Listed below are some of October's market statistics. 

Area market statistics

31-Oct-2006# of ListingsAvg DOM# of ListingsAvg DOM
Coop sales69%72%
In house sales31%28%

Notes: DOM = Days on Market, Coop Sales = two different real estate companies were involved in the sale, and In-House Sales = homes sold and listed by the same real estate company.

Note information has not been verified, is not guaranteed, and provided by Great Plains REALTORS Multiple Listing Service, Inc.

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Steve Lauver

Omaha Realty -- 402-689-7550
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