
There are a number of factors affecting today's real estate market including the seasonal nature of home sales, but some of the biggest news is that mortgage rates have decreased 5 weeks in a row. Let's take a look at how those factors have affected some of the monthly and year-to-date numbers in Douglas and Sarpy Counties.
Douglas County Existing Homes
There were more closed residential sales in November 2023 compared to November of 2022 and the median sale price in November was $275,000, up almost 6 percent compared to the same time last year.
According to FreddieMac, interest rates in November 2022 were almost an entire point lower than they were in November 2023, but sale prices in Douglas County continued to rise.
Douglas County New Construction
New construction sales rem...