Market Report for April 2012

Market Report for Omaha for April 2012

The numbers are in for April and things are looking up over the three months previous. The total number of homes listed for sale in April was 4,509. 1,198 of those were placed under contract. 896 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 down slightly over last month and the number of houses closed are slightly down. The absorption rate for last month was 5, which means it would take 5 months to sell all the houses available at the current rate. That's slightly tighter than in March, where it was 5.1 months.

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