According to March 2021 data released by the Great Plains Regional MLS, normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates.
The Bottom line:
Inventory remains too low to bring the market back into balance. So expect a busy and competitive market in the coming months.
Let’s take a look at some of the numbers from March 2021:
March 2021 Omaha Area Real Estate Statistics
Average Sold Price: $278,205 (Up 14.2% from March 2020)
Homes Sold: 983 (Down 5.7% from March 2020)
New Listings: 1,640 (Down 11.8% from March 2020)
Pending Listings: 1,339 (Down 3.3% from