Real Estate Market Update Summer 2012

Watch on your mobile device >>

Anyone buying a home, selling, considering investing or building a home should be aware that this summer has been a very successful one for the real estate market. In fact, with some unprecedented trends going on in our marketplace, we have been very fortunate to be able to break out of the rut after the housing crisis of 2007.

Today, it is a phenomenal time to be involved in real estate. Whether buying or selling, people are out there and there is plenty of activity. Here is a quick look at how our market in Omaha is faring in three key areas.

Interest Rates Continue to Be at All-Time Lows

We have gotten used to these incredible rates but everyone knows that they will not last long. In fact, no one really knows how long we will have the benefit of such a low cost of borrowing money. But before it does change, we urge you to consider how much money overall can be saved by locking in these phenomenal rates – as low as 4% for a conventional 30-year fixed rate loan and in some cases 3% or lower for 15-year mortgages.

Sellers Enjoying Success With Increased Home Sales

The home inventory in Omaha continues to go down, a sign that the market is shifting toward a sellers’ marketplace. What this means for buyers is that you will face increased competition out there but as a seller it translates to a far better experience than you could have expected just a couple years ago. With about 4,500 homes currently active on our MLS right now, many of our customers are concerned about selling their home going into their new home contract. However for the ones that have a proper strategy in place, are backed by a strong real estate agent and have done all the work to prepare their home for sale – homes are selling in a matter of days.

Land Lots Going Fast

The number of available land lots on hand is coming down too. As a builder in over 55 neighborhoods, we at Charleston Homes have strong relationships with the community of developers. The big news in this area is that prices seem to have stabilized a bit and in some cases we are even seeing them come up somewhat. For people considering the purchase of a new home, this means that now is the best time to purchase.

~

The one crystal clear message that comes out of the current state of our market is that now is the best time to buy. Before you regret not locking in amazing interest rates or not having first pick of some of the best homes on the market, we suggest you consider pursuing your real estate dreams today.

If you would like a customized consultation to discuss your specific new home needs, we invite you to contact us at one of our model locations – Saddlebrook at 402-934-2212 or Portal Ridge at 402-502-5600.