March 2021 - Omaha Area Real Estate Market Statistics
by Ryan Renner
on Friday, April 16th, 2021 at 9:38am.
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 March 2020) Days on the Market: 21 Days (Down 36.4% from March 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