Don't think for a second that you're going to get a steal of a deal when trying to buy in the Omaha market. It's heating up out there. Just this week we have lost two offers in multiple offer situations and another offer turned down. Buying low and selling high sounds good on TV but it's not working around here.
And it's working the same way nationwide, too. This article shows that most markets are picking up.
- The number of foreclosures and short sales are shrinking.
- Large investor groups are scooping up properties because it's a great time to buy.
- Home builders are building fewer houses, scared of the so-called "fiscal cliff."
- In the Omaha market particularly, the number of houses for sale has declined while the number of houses sold has increased. And they're selling in less time.
When the market tightens up like this, houses don't stay on the market as long and they go for higher amounts. Compared to this last January, houses have gone from being on the market for 75 days to 66 days last month. And they went from selling for 96% of the asking price to 98%. Although I don't think it's a seller's market here yet, I think sellers are tired of being kicked around. Things are looking up in their favor.
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