Results are out! The Omaha area real estate market is starting off strong, with healthy buyer demand and strong market fundamentals. That is according to new data released by the Great Plains Regional MLS for January 2021.
The Bottom line:
A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.
Let’s take a look at some of the numbers from January 2021:
January 2021 Omaha Area Real Estate Statistics
Average Sold Price: $266,303 (Up 14.7% from January 2020) Homes Sold: 775 (Up 5.7% from January 2020) New Listings: 1,026 (Down 23.2% from January 2020) Pending Listings: 958 (Down 5.3% from January 2020) Days on the Market: 16 Days (Down 48.4% from January 2020)
This report covers residential real estate activity in the Omaha area, which includes the counties of Dodge, Douglas, Sarpy, Saunders and Washington in Nebraska; the counties of Harrison, Mills and Pottawattamie in Iowa. Sources: Freddie Mac, Great Plains Regional MLS, and ShowingTime.