CBSHOME Real Estate proudly announces our new market update powered by the CBSHOME Research Center. So why did we embark on this project? Joe Valenti, CEO and President of CBSHOME Real Estate explains “With CBSHOME being the leading real estate company in our community, we felt it important to provide the best possible local housing information for our customers!! The housing economy in Omaha is much better than what you read on a national basis and we want our customers to be able to see and understand the local real estate market. This information source will accomplish that goal!! We can also drill down to more specific information for neighborhoods in order to help our customers make their best possible housing decisions.”
The Housing Report produced 4 times each year visit now
The Housing Reports are printable reports produced on a quarterly basis for the Metro Omaha area including Douglas, Sarpy, and Pottawattamie county. Each report shows market activity for the last 15 months. In addition, four Omaha Metro quadrants will be reported defined as Northeast, Northwest, Southeast, and Southwest. Each report will include housing trends such as properties for sale, under contract, and sold.
CBSHOME’s Director of Business Development, Henry Kammandel adds “These reports will continue to support the fact that the Omaha Metro Market is not depressed as national reporting has tended to make everyone feel. Every market is different and CBSHOME is providing local reports that will be refined down to certain sub markets within our community as we progress.”
Local Housing Trends updated monthly online visit now
Monthly online updates will be posted around the 10th of each month to our new Local Housing Trends page on CBSHOME.com. This page will be “the source” for housing trend statistics in the Omaha Metro and surrounding areas. Many smaller segments of our community are available here.
The statistics are provided for small segments of Omaha as well as our entire market area including Council Bluffs. Both the Housing Report and Local Housing Trends are powered by Trendgraphix, Inc., a national company specializing in analyzing local MLS data.The data source is provided by Great Plains MLS and Southwest Iowa MLS, and is more current than information made public in county records.
Months of Inventory is part of both the Market Housing Report and the online Local Housing Trends. Henry Kammandel notes that “When we compare Months of Inventory using 6 months as a rule of thumb being the stable indicator and comparing August 2011 to August 2010 Douglas, Sarpy, and Pottawattamie counties have shown improvement. Douglas County in August 2010 was at 8.1 months and in this August 2011 is at 6.1 months. Sarpy County in August 2010 was at 6.7 and in August 2011 is 5.1 while Pottawattamie County August 2010 was at 10.8 and as of August 2011 is at 5.1 with 94 properties under contract for this month. We are very positive about the local conditions.”