Market Report for March 2012

Market Report for Omaha for March 2012

The numbers are in for March and things are looking up over the three months previous. The total number of homes listed for sale in March was 4,331. 1,193 of those were placed under contract. 847 of the homes that had been under contract before closed.

As you can see, the number of houses on the market are up over last month, the number of houses placed under contract are up over last month and the number of houses closed are up. The absorption rate for last month was 5.1, which means it would take 5.1 months to sell all the houses available at the current rate. That's tighter than in February, where it was 7 months.

Overall, the market is neutral right now. It's not an advantage to either the buyer or the seller.