Summer 2019 Overview

While housing inventory in the Omaha area has not reached the same marks as Q2 of 2018, there were positive increases since Q1 of 2019. Inventory increased by 10% from last quarter but still declined by 4% compared to Q2 of 2018. Similarly, more than 2,100 home sales closed — a 58% increase from the previous quarter. Following inventory trends, homes are selling nearly 6 days faster than in the first quarter, with an average of 27 days on the market. The average sales price of homes increased by approximately $10,000 from Q1 of 2019. Sale prices for 2, 3, and 4+ bedrooms experienced a quarterly increase of 4%, 11%, and 7%.

“At the moment, some observers suggest the housing market is indeed headed for a slowdown. But no need to panic — experts say the financial and economic factors that were in play during the big crash a decade ago don’t exist today.”

-Kaycee Miller
Realtor Magazine