“What’s Going On with the Market?” – July 2013

Hi, everyone! People always ask me, ‘what’s going on in the market?’

Well, as we know, the interest rates climbed a bit earlier this summer. This caused some chaos in our market with buyers scrambling to purchase homes before rates increased more. Things have calmed down, though.

We are still seeing an all-time record low inventory. There are a total of 3,918 active listings in the Omaha area and 2,300 pending sales! There are buyers out there looking for homes. So, if you know someone who is thinking about selling now or in the near future, give us a call. Our team will get your home sold, not only quickly but at the price you want!

In July of this year, the average days on market in Omaha for MLS was 58 days; Team Elliot’s average was only 44 days! Not only do we sell quickly, though, but at a great price. Our sales vs. list price ratio is 98%, while MLS’s is 97%.

Despite low inventories, I will emphasize that sellers still need to have their home in good condition that is priced competitively. The market is great; now is the perfect time to sell. Give us a call so we can start on your next real estate move!