So this is the first time that we have segmented the areas of the market by school district. The main reasoning behind this was that most of our clients that we work with typically want to live in a specific school district. So we broke the market up into 7 specific areas.
The 3 main numbers that Linda and I concentrate on in regards to the real estate market are
Days On Market / Average Sale Price / and Months Of Inventory. When we look at the Months of Inventory that will typically tell us weather or not we are in a sellers market or buyers market. So if the Months of Inventory are 0 to 3 months we are in a sellers market… If the Months of Inventory are 3+ we are in a buyers market. If we are in a sellers market typically homes are selling quickly. Buyers market you tend to see longer market times. So lets get started.
Each area is a little different and sometimes each subdivision is different. So if you ever would like to know what your specific area is doing just let us know and we would be happy to pull that info for you.
Also since we pretty much work our business by referral only we would love. And We mean love anyone you might know who is thinking about selling anytime now or in the near future. Thanks again for watching.
Below are the market stats of each school district.
BELLEVUE
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
25
|
27
|
- 7.4
|
Average. Sale Price |
191k
|
185k
|
+3.2
|
Months of Inv. |
1.5
|
1.9
|
- 20.8
|
BENNINGTON
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
19
|
39
|
- 51
|
Average. Sale Price |
275k
|
218k
|
+ 26
|
Months of Inv. |
4.6
|
3.6
|
+ 21
|
ELKHORN
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
28
|
31
|
- 9.7
|
Average. Sale Price |
296k
|
276k
|
+ 7.2
|
Months of Inv. |
3.1
|
2.9
|
+ 6.8
|
GRETNA
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
41
|
44
|
- 6.8
|
Average. Sale Price |
297k
|
296k
|
+ .03
|
Months of Inv. |
3.7
|
3.3
|
+ 1.2
|
MILLARD
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
20
|
24
|
- 16.7
|
Average. Sale Price |
224k
|
242k
|
- 7.4
|
Months of Inv. |
1.6
|
1.9
|
- 15.6
|
PAPILLION
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
24
|
28
|
- 14.3
|
Average. Sale Price |
228k
|
225k
|
+ 1.3
|
Months of Inv. |
1.7
|
2.2
|
- 23.1
|
WEST OMAHA
|
7/16 to 10/16 |
7/15 to 10/15 |
% Up or Down |
Days On Market |
16
|
23
|
- 30.4
|
Average. Sale Price |
191k
|
174k
|
+ 6.7
|
Months of Inv. |
1.5
|
1.6
|
- 6.3
|