Omaha, NE local notes, issue 1
Omaha homes for sale numbered 800 at month end, up 8% from last month. Homes sold were 453, down 9.9%. The median sale price was $286,863, down 1.8%. Homes took a median 19 days to sell.
Prices and closings
The median sale price of homes sold this month was $286,863. That is down 1.8% from last month. Median price per square foot was $161, down 0.3%.
Homes sold came to 453, down 9.9%. The share of homes that sold above asking was 28.5%, down 4.7 points. Homes sold for 99.1% of list price on average, down 0.2 points.
For you, fewer closings and fewer above-asking sales point the same way. Sellers may need a firmer pricing talk before the first showing. Price per square foot barely moved, so the shift shows up in how homes sell, not in what a square foot costs.
Supply and pace
Homes for sale at the end of this month numbered 800, up 8%. New listings were 535, down 4.5%. Months of supply was 2, up 20%.
The median home spent 19 days on the market, up 18.8%. The share of homes for sale that cut their price was 30.7%, up 3.2 points.
Put together, homes are sitting a little longer and more sellers are cutting. Inventory is rising while new listings fall, so homes already on the market are not clearing as fast. If you list this month, plan the price conversation around that, not around last spring.
What this issue leaves out
The housing figures above are this month's, from Redfin. This issue has no answer figures from ChatGPT, Perplexity, Gemini or Google AI Overviews, and no comparison with Nebraska. We will add them when we have them.
Data provided by Redfin, a national real estate brokerage.