Estate sales in Omaha as Trump’s win continues to grow
The sales of homes in the Omaha metro area continued to outpace those in Denver and Kansas City, according to the latest data from Trulia.
The two cities are both still in the middle of the pack, with a combined median sale price of $425,000 in Omaha and $475,000 for the two metro areas.
Prices in Omaha have also risen more than 10 percent in the last year, while Denver’s are up 12 percent.
Meanwhile, Kansas City’s median sale prices have dropped 5 percent over the past year.
Kansas City is in the midst of a national real estate recovery, and its population is expanding.
However, it is also experiencing an economic slowdown as the region is experiencing a surge in homebuyers fleeing to other parts of the country.
Trulia notes that in Omaha, the median sale is now $500,000, a number that has dropped about 3 percent from its peak in June 2017.
But Omaha still trails Kansas City by just over $1 million, according the latest report from Truba.
The average price of a home in the metro area is $821,800, a drop of 2.3 percent from the median in June of this year.
Prices are also increasing in the surrounding metro area, but are still below the national average of $1,094,400.
Pricing data is usually a good indication of a city’s real estate market, but the metro areas have experienced a significant decline in prices.
In June 2017, Omaha’s median home price was $1.3 million, down 3.9 percent from a year earlier.
But in June 2018, the average sale price was just $2.3-million, down 5.3%.
Prices were still above the national median of $2,917,400 in July 2018, but were still below $2 million in June 2019.
The Truba report notes that prices in both cities are continuing to outstrip the national averages of the previous two months.