As the new year begins, it has a lot of us wondering what the real estate market will be like in 2015. Many national news sources have place predictions, such as expecting home prices and interest rates to slowly rise, new construction is expected to increase, the number of foreclosures is expected to decrease, and Millennials (those born between 1981-2000) are expected to enter the first time homebuyer’s arena. These are all great signs of a balanced market.
So, what does the market look like in the Omaha and Council Bluffs areas?
December 2014 in Nebraska:
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Average Days on Market: 45 Sold/List Price Ratio: 98%
December 2014 in Iowa:
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Average Days on Market: 63 Sold/List price Ratio: 96%