"Omaha's April market favored sellers - homes sold in just 33 days, nearly three weeks faster than the national average. However, list prices dropped 6.6% year over year, giving buyers more negotiating room."
"Only 712 homes were newly listed in April - a sharp 15.2% drop from the same month last year, even as new listings nationally ticked up 1.1%. Active inventory edged up just 1.9% year over year."
"Omaha's median list price came in at $329,800 in April - down 6.6% from last April, a steeper drop than the national decline of just 1.4%. Price reductions rose slightly too, with 10.2% of listings cutting their ask."
"Speed is still the defining feature of this market, and hesitation has a real cost. Omaha homes sat on the market for just 33 days in April - a full 19 days faster than the national median."
Omaha's housing market in April showed a seller's advantage with homes selling in an average of 33 days, significantly faster than the national average. However, list prices decreased by 6.6% year over year, providing buyers with more negotiating power. New listings dropped by 15.2%, leading to tight inventory levels. The median list price was $329,800, considerably lower than the national median. Despite price reductions, sellers remained confident, and competition for well-priced homes persisted due to limited options.
Read at SFGATE
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