Omaha area REO (Real Estate Owned) market stats for both Douglas and Sarpy counties for December 2016.  Foreclosure market is very active and competition for new listings is high.

Steve Lauver, Nebraska Realty, Omaharealtypros.com

Omaha area REO (Real Estate Owned) market stats for both Douglas and Sarpy counties for December 2016. 

There were 29 sold (closed) REO homes in both Douglas and Sarpy counties, NE for the month of November 2016. Comparing last month sale rate 29 sold to the current 55 active REO listings for in Douglas and Sarpy counties. The REO market has 1.90 months’ inventory on the market.  This rate indicates a seller’s market.  The avg. list price for December 2016 is $96,806.

Active Listings

55

 

Average list price

 $      96,806

Pending Sales

43

 

Average sold price

 $      88,983

Closed Sales

29

 

Sale Price/List Price Ratio

91.92%

Avg DOM Sold

24

 

Absorption Rate

1.90

 

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 1/06/2017; OABR deems information reliable but not guaranteed.  Prepared by Steve Lauver—REALTOR Data does not include any private home sales

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