As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes. That is according to the June 2021 data released by the Great Plains Regional MLS.
School’s out, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low interest rates and limited inventory fueling record high sales prices. Eager buyers are making multiple offers, some for well over asking price, while others are making offers on homes sight unseen.
The Bottom line:
The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory, forcing some buyers to simply wait it out in hopes of more inventory and less competition.
Let’s take a look at some of the numbers from June 2021:
June 2021 Omaha Area Real Estate Statistics
Average Sold Price: $306,659 (Up 17.0% from June 2020)
Homes Sold: 1,590 (Down 1.1% from June 2020)
New Listings: 1,905 (Up 3.0% from June 2020)
Pending Listings: 1,486 (Down 11.3% from June 2020)
Days on the Market: 8 Days (Down 66.7% from June 2020)
All data from Great Plains Regional MLS. Report © 2021 ShowingTime.
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
