Omaha, NE and surrounding areas real estate market update for January 2017.  Updates on the continued Seller’s market

Steve Lauver, Nebraska Realty, Omaharealtypros.com

Omaha, NE and surrounding areas real estate update January 2017

There were 824 sold (closed) homes on the Omaha MLS for the month of January 2017, down 30% from December 2016. Comparing last month sale rate 824 to the current 1,904 active listings, the Omaha MLS has 2.31 months’ inventory on the market.  This rate indicates a seller’s market for the Omaha MLS areas.  The avg. list price for January 2017 is $203,156 and average sold price is $200,501 for a sale to list price ratio of 98.69%.

Active Listings

1904

 

Average list price

 $    203,156

Pending Sales

1661

 

Average sold price

 $    200,501

Closed Sales

824

 

Sale Price/List Price Ratio

98.69%

Avg DOM Sold

28

 

Absorption Rate

2.31

 

From December 2016 to January 2017 there was a decrease in the number of listings from 2,054 to 1,904 or down 7%.  However, the number of pending listings increased from 1,518 to 1,661 or an 9% increase.  So, the drop-in sales for January 2017, should be higher in February 2017. 

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 2/3/2017; OABR deems information reliable but not guaranteed.  Prepared by Steve Lauver—REALTOR Data does not include any private home sales

Douglas County

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