Nebraska Real Estate Summary

The Nebraska real estate market is in a slow decline.  Even though jobs continue to expand and the economy remains stable, Nebraska relocations aren´t very popular.  The state depends heavily on agriculture for its income, and the land is not developed into commercial or residential properties to draw families or companies in.  Land remains cheap and housing is very affordable, but there are not many non-agriculture jobs to be had.

Statewide, there are many more sellers than buyers in the market.  The average sale price of a home is $88,000.  Omaha real estate is slow, with housing sitting for 90 to 120 plus days before receiving a purchase agreement.  The average sale price of a house is $275,000, which is down 5-10% from one year ago.  Houses are selling for 90 to 95% of their original asking price.

Lincoln real estate is also down.  The suburbs are not growing as fast as they have in year´s past, halting new construction and additional subdivisions from being built.  The average sale price is $200,000 after sitting on the market for 90 days.  There are many more buyers than sellers, making it a buyers market.