Omaha REO Market Stats March 2017 #Omaha

Omaha area REO (Real Estate Owned) market stats for both Douglas and Sarpy counties for March 2017.  Foreclosure market is very active and buyer 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 March 2017.

There were 28 sold (closed) REO homes sold on the Omaha area MLS for the month of March 2017. Comparing last month sale rate 28 sold to the current 34 active REO listings on the Omaha MLS. The REO market has 1.21 months’ inventory on the market.  This rate indicates a seller’s market.  The avg. list price for March 2017 is $85,415 and avg sold price is 86,415.

Active Listings

34

 

Average list price

 $      85,415

Pending Sales

69

 

Average sold price

 $      86,869

Closed Sales

28

 

Sale Price/List Price Ratio

101.70%

Avg DOM Sold

43

 

Absorption Rate

1.21

 

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 4/11/2017; OABR deems information reliable but not guaranteed.  Prepared by Steve Lauver—REALTOR Data does not include any private home sales

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