Omaha Real Estate Market
Over the last decade the Omaha real estate market has been
one of the most stable of the major metropolitan areas. Prices
declined modestly during the recession and the number of distressed
houses did increase. The adverse affects of the housing bubble did not
impact the Omaha real estate market to the degree that it did in other
cities. One of the reasons Omaha was so fortunate was the diversity and
strength of the Omaha economy. Another reason was the lack of
speculative pricing during the decade prior to the recession. Home
prices did not rise that much, so they did not have to fall very far to
get back to an equilibrium level. Housing should rise at the rate of
inflation and for the most part the Omaha real estate market did just
There were a few years when pricing rose faster than inflation
during the late 1990s, but most of the increases during the early years
of the new century were in line with inflation. One factor that did
contribute to the problem was an excess of new construction inventory.
Had the builders not over built just prior to the decline, Omaha may
have avoided the bulk of the loss of pricing.
Currently, post recession, the Omaha real estate market is healthy. Pricing is improving and demand is strong. If you are looking to buy a house or sell one, check out our Buyers and Sellers services.
Discount commissions for sellers.
Cash rebates for buyers.