Homes sell Faster in Omaha

[skinzfan23]

Homes sell faster in Omaha than any other large metro area in the U.S., survey shows

The for-sale signs are flying off Omaha homes at a quicker pace than any other big metro area across the country.

For the 54 metros surveyed, the national median sales price for existing homes went up 4.6 percent this January compared to last. Omaha's rise was 6 percent.

The fastest housing markets
With average days on the market in parentheses

Omaha (32)

Nashville (41)

Cincinnati, Las Vegas, San Francisco (43)

Denver, Salt Lake City, San Diego (45)

Detroit, Minneapolis (47)

Boise (48)

Source: Re/Max National Housing Report for January

The slowest housing markets
With average days on the market in parentheses

Honolulu, Indianapolis (50)

Charlotte, N.C., Washington, DC (51)

Phoenix (52)

Cleveland (66)

Des Moines (67)

Providence, R.I. (75)

Billings, Mont.(77)

New York (79)

Mercer County, N.J. (88)

Miami (89)

Anchorage (93)

Hartford, Conn. (94)

Augusta, Maine (100)

Source: Re/Max National Housing Report for January

[ita]

Homes sell faster in Omaha than any other large metro area in the U.S., survey shows

The for-sale signs are flying off Omaha homes at a quicker pace than any other big metro area across the country.

For the 54 metros surveyed, the national median sales price for existing homes went up 4.6 percent this January compared to last. Omaha's rise was 6 percent.

Thanks for posting these lists. That's good news from an economic health standpoint. However, with Omaha's home prices continuing to increase, when do we get to a point where our home prices are no longer affordable, especially taking into account our high property taxes? I know we will never see prices like they do on the west coast and PNW, but when we are competing against other cities for people and businesses to move here, home prices have always been a big draw.

[Uffda]

Homes sell faster in Omaha than any other large metro area in the U.S., survey shows

The for-sale signs are flying off Omaha homes at a quicker pace than any other big metro area across the country.

For the 54 metros surveyed, the national median sales price for existing homes went up 4.6 percent this January compared to last. Omaha's rise was 6 percent.

Thanks for posting these lists. That's good news from an economic health standpoint. However, with Omaha's home prices continuing to increase, when do we get to a point where our home prices are no longer affordable, especially taking into account our high property taxes? I know we will never see prices like they do on the west coast and PNW, but when we are competing against other cities for people and businesses to move here, home prices have always been a big draw.

Keep on rising at least thru this summer.

[Louie]

Is this also connected to a lack of homes on the market? I don't even know if that's the case, just curious...

[ita]

Is this also connected to a lack of homes on the market? I don't even know if that's the case, just curious...

https://www.omaha.com/money/plus/an-oma ... 7303c.html

This article from today, says that 68144 is the second hottest market in the US right now! One of the reasons for this particular zip code is its proximity to projects like Sterling Ridge and Heartwood, but Millard is also landlocked with not much room to grow, ie. low inventory.

[Louie]

Is this also connected to a lack of homes on the market? I don't even know if that's the case, just curious...

https://www.omaha.com/money/plus/an-oma ... 7303c.html

This article from today, says that 68144 is the second hottest market in the US right now! One of the reasons for this particular zip code is its proximity to projects like Sterling Ridge and Heartwood, but Millard is also landlocked with not much room to grow, ie. low inventory.

The math checks out!