Omaha Real Estate Market – November, 2008

By
Real Estate Agent with Keller Williams Greater Omaha 20041001

Now that November is over we can take a look at the statistics for the month of how many homes in Omaha are selling and how many there are left to sell.

Total Number For Sale

5605

Total Number of Accepted Offers

442

Total Number of Closed Sales

499

 

 

% of sellers that accepted an offer

7.89%

Absorption rate in months

12.68

If you look back at the numbers for October - Omaha Real Estate Market - October, 2008 - you'll see that the rate of sales is relatively unchanged and we still have over a 12 month supply of homes for sale.

Normally sales slow significantly during December as people are more focused on the holidays but this might be slightly offset by the recent drops in interest rates.

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

 

Trumm Team - Omaha, NE

Omaha Homes For Sale

Omaha Real Estate

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

Let's hope low interest rates will help move some of this inventory; I can't wait to see home prices rise again!

Dec 08, 2008 04:28 AM #1
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Rainmaker
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The Trumm Team Omaha Homes for Sale, Real Estate

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