"In December, Omaha experienced an exciting 11.7% increase in active listings from the previous year, with 1,087 homes gracing the market. This surge outpaced the national increase of 12.1%. Additionally, the number of newly listed homes in Omaha saw a 2.2% year-over-year growth, reaching 378 new listings, in stark contrast to the national trend where newly listed homes decreased by 1.8%. This rise in both active and new listings signaled a pivotal moment for potential buyers, offering a wider selection and invigorating the market landscape."
"The median listing price in Omaha in December was $320,325, marking a noteworthy 4.4% decrease from the previous year. This decline was more pronounced than the national median listing price drop of 0.6% to $399,950. The share of listings with price reductions in Omaha remained at 7.3%, significantly below the national rate of 12.9%. Omaha's 2.2 percentage point decline in price reductions year-over-year reflected a promising stabilization in pricing strategies amidst the growing inventory, creating an enticing atmosphere for buyers eager to seize value."
"Homes in Omaha spent a median of 49 days on the market in December, showing a slight yet meaningful improvement with a 0.5% decrease year-over-year. This was significantly shorter than the national median of 73 days, which saw a 5.0% increase. The relatively swift turnover in Omaha, even with the rising inventory, highlighted a resilient demand, ensuring that homes did not linger too long on the market, much to the delight of eager buyers."
Omaha experienced an 11.7% year-over-year increase in active listings in December, totaling 1,087 homes and outpacing the national increase. Newly listed homes rose 2.2% to 378, versus a national decline. The median listing price fell 4.4% to $320,325, a larger drop than the national 0.6% decrease. Listings with price reductions remained 7.3%, well below the national 12.9%, and declined 2.2 percentage points year-over-year. Homes spent a median of 49 days on market, slightly faster than the prior year and markedly quicker than the national 73-day median. The combined trends enhanced buyer selection and value opportunities.
Read at SFGATE
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