The demand for higher end residential homes has slowed sigificantly, but homes in the price range below $200,000 are still moving at a fair pace. Current interest rates mean that Buyers can afford more home now than even two months ago. There are numerous homes for buyers to choose from in the current market. Sellers need to be aware of this trend and price their home appropriately. There is a demand for larger lots with larger homes that is not currently being met, but a couple of developments are in the approval process to try to remedy shortcomings in that portion of the market. There are currently over 2600 homes ready for sale in Omaha, 850+ homes in a pending status, and about 100 fewer closed sales than this same time last month. There are, however, more homes on the market in the Omaha Metro area, causing homes to be on the market longer and also lowering the average price of existing homes. There are currently 300+ fewer homes on the market, with 350+ fewer sales, this year compared to the same time period last year. Homes above 200k are on the market 30 days longer than those below the 200k price.
If you are curious about the value of your home feel free to contact me for a Free Market Analysis. I provide multiple views of your home on multiple web sites and also provide virtual tours for all my listings. There is a demand from buyers for this type of information. When you consider that 75% of buyers now cruise the web first before visiting a Realtor, wouldn't it be nice to have an edge over the other homes on the market?? Contact me either by phone (cell: 402.612.6242) or email me at YourRealtor@gbaumert.com.
If you would like to see homes currently on the market, please visit my web site --- GRMOmaha.com and use the pull down menu to find the MLS listing link. If you have Real Estate questions, feel free to contact me with those and I will do my best to get you an answer promptly.
ZIP Code: 68114-68134 Location Characteristics: Omaha is the hub of the Omaha Metro area and is the business center of Nebraska. There are numerous activities in the area to fulfill most, if not all, of an individual or family interest. There is a considerable amount of new commercial and residential construction in the Metro area, driven by the arrival and development of many new businesses. The school systems are excellent and there are many choices for continuing education as well as institutes of higher education within the boundaries of Omaha.
About Gary Baumert:
I have been a full time Realtor in the Omaha Metro area for the last 15 years. I ended my 20 year tour of the Army in 1992 and settled here with my family to take advantage to the family friendly atmosphere we experienced here. I have earned several Realtor designations and currently hold the GRI and e-Pro designations. I have been affiliated with several real estate companies in Omaha, but feel my current affiliation with Global Realty Marketing does give me a real advantage in serving the buyers and sellers of homes in Omaha. The national and international offices and the programs that Global Realty Marketing can offer really benefit families. My focus is on the needs of each of my clients. My job is to listen to you and to help you find the home you want, or to help you sell your home for the best price in the shortest time. I intermingle my free time with supporting Habitat for Humanity, and my church. I also like to cook and can probably tell you something about virtually every restaurant in the Omaha area. I enjoy real estate sales and helping families. That has been my goal since I started in real estate, as I know the fears and frustrations that can come with the purchase or sale of a home, ( I moved 12 times in 20 years in the military). My desire is to alleviate some of those feeling.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
