Omaha Real Estate Market – May, 2008

By
Real Estate Agent with Keller Williams Greater Omaha 20041001

 

Below is a summary of the real estate market in Omaha for the month of May, 2008.

 

Total Number For Sale

5918

Total Number of Accepted Offers

939

Total Number of Closed Sales

897

 

  

% of sellers that accepted an offer

15.87%

Absorption rate in months

6.30

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

Absorption rate is the amount of time it would take for all of the current properties for sale to be sold, or absorbed into the market, assuming that no additional properties are put on the market. At the moment there is a 6.3 month supply of homes available. This is up slightly from last month (Omaha Real Estate Market - April, 2008 ) when there was a 5.79 month supply. This increase is due to a higher number of homes for sale and a decrease in the number of accepted offers. Typically during this time of year you would see both the number of homes for sale AND the number of accepted offers go up.

Trumm Team - Alliance Real Estate, Omaha, NE

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

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Rainer
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Tori Lynn Wallitsch
Prudential Ambassador / Ross Designs, LLC - Omaha, NE

Interesting statistics; I wonder why both number didn't go up for the month of May?

Jun 21, 2008 09:01 AM #1
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Rainmaker
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The Trumm Team Omaha Homes for Sale, Real Estate

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