According to a Realtor.com study, the best week to list a house for sale is April 14-20. The study was based on high buyer demand, lower competition from other sellers and fewer price reductions than the typical week of the year. The study also suggests that listing during April 14-20 could increase the sale price by 5-10 percent compared to the beginning of the year.
In Omaha, we often see prices increase between March and July. Let's take a look at the numbers for Douglas and Sarpy counties for the month of March.
Douglas County Existing Homes
The median sale price for existing homes in Douglas County was $$276,500, representing a 4% increase over last March. We saw a 30% increase in the number of available homes in March of this year compared to last year, with 534 homes for sale.
According to FreddieMac, interest rates in March of 2023 were about half a point lower than they were in March of 2024, but prices in Douglas County continued to rise.
Douglas County New Construction
The number of new homes available in Douglas County has hovered around 400-450 for the past year and a half. The median sale price was $421,485 in March.
Sarpy County Existing Homes
The median sale price for existing homes in Sarpy County was $310,000, representing a 5% increase over the same time last year. The number of available homes in Sarpy County has remained somewhat steady over the past year at about 120 homes for sale.
Sarpy County New Construction
Similar to Douglas County, there are about 500 new construction homes for sale representing homes at all stages of the build process. The median sale price for new construction in Sarpy County was about $425,000 in March.
New construction remains an opportunity for buyers in both Douglas and Sarpy counties for a variety of reasons. Availability is high and prices seem reasonable.
Bottom Line
Looking ahead, there's no reason to believe we won't continue to have a strong Spring real estate market in Omaha, especially with the best week to sell ahead of us. I expect both prices and unit sales to increase through the Spring and Summer. Let's connect and talk through your selling or buying options.
