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Hi my name is Gary Carpenter with the MRG Realty Group at CBSHOME and I would like to thank you for taking the time to tune into our video blog. First I’d like to draw your attention to two great offers above. If you are thinking about selling or just interested in your home ' s current value click on the “Get your FREE Home Value Report. If you are in the market to purchase a new home or just like browsing the current inventory, click on the “Search All Homes For Sale Link”

So let' s talk about a few key numbers that drive the the Omaha Metro Real Estate Market.

 
 
  1. Inventory Level - The current inventory level in the Omaha metro is 3010 homes or 3
    months worth of  inventory. What that means to you, the consumer, is that if we didn’t list another home it would only  take 3 months to sell the current inventory that we have. We are seeing record low inventory levels in the Omaha Metro area. As a rule of thumb, an inventory level of less than 3 months indicates a strong seller's  market while an inventory level greater than 6 months indicates a buyer's market. 
  2. Days On Market - The DOM is a very telling number of what kind of market we are in, either a SELLER’S MARKET or a BUYER ' S MARKET. To have a seller ' s market the average days on market are 45 days or less,  if we are in a buyers market the DOM is higher than 45 days. Currently we are experiencing a very strong seller' s market since the inventory is low and we are at an average of 31 days on the market. Typically a   seller 's market does not last for very long.
  3. Average Sale Price - The average sale price is typically different for different parts of the metro and even in specific subdivision's  the average sale price could fluctuate. The current average sale price is $172,000.00. 
  4. Interest Rates - The most common types of financing that our clients are working with are Conventional and FHA financing. On a Conventional 30 year loan the current interest rate is 3.875% and on a FHA it is 3.5%. On the MRG Realty Group we defer all financing questions to our Mortgage Partners. There are a lot of factors that go into financing including credit score and downpayment .  
Thanks again for tuning in today. If you are considering buying a house or selling a property, our group would love the opportunity to help you. Never hesitate to reach out to the agent that has shared this video with you or feel free to email us at Info@MRGOmaha.com or call us at 402-680-7000 and one of our professional sales associates will be happy to assist. Make it a fantastic day!