Omaha Home Values On the Rise
The Omaha World Herald recently published an article highlighting a trend realtors have been noticing for a while: It’s becoming a Seller’s market in the Omaha area.
Simply put, the number of homes for sale in Omaha is declining so buyers are competing for that shrinking supply. Considering the laws of supply and demand, we can expect home prices to keep rising. That’s good news for home owners who have seen their home prices drop but means home buyers may be facing more competition for available homes and have to pay more for them.
On average, homes in the Omaha area are staying on the market just 72 days. Homes spent 83 days on the market last year. The fastest sales appear to be in the $150,000 price range.…