Ahead of the Omaha spring real estate market, buyer and sellers are more aware than ever of their switching costs. Sellers are becoming more impatient with the rise in mortgage rates that have kept them from moving on with their lives. Lifestyle changes for these sellers will drive the spring market, increasing the number of available homes and giving options to buyers.

Lifestyle changes and seller impatience are 2 of the important factors that keep the Omaha housing market stable. Nationally, the average person makes a real estate move every 8 years. Here's a look at the past 8 years of residential real estate growth in Douglas County showing the stability of our market.

Average Sales Price

2016 - $204,500
2023 - $346,450

Average Days on Market

2016 – 30 days
2023 – 14 days

List Price to Sale Price Percentage

2016 – 98.5 percent
2023 – 100 percent

Average Interest Rate

2016 – about 4.5 percent
2023 – about 6.75 percent

Bottom Line

As you consider your real estate options this year, consider the impact it will have on your life 8 years from now. If the next 8 years are similar to the past 8 years, homeowners will significantly increase the equity of their home regardless of interest rates. Let's connect and talk through the changes in your lifestyle may affect your future.