Good news for sellers: Home prices, sales continue to climb in Omaha area and Iowa -
Published Tuesday, August 20, 2013 at 1:00 am / Updated at 1:21 pm
Good news for sellers: Home prices, sales continue to climb in Omaha area and Iowa

Home sales and prices continue to climb in the Omaha area and in Iowa — with the state of Iowa this summer hitting its highest median sales price since at least 2005.

According to a new housing trends report released by the Iowa Association of Realtors, the number of home sales that closed in July was up 18 percent over last July. Since the start of the year, sales are up about 8 percent compared with 2012.

Meanwhile, the median price of Iowa homes that sold in July rose to about $143,000, a 7 percent increase over last July.

Don Marple, association president, said the last two months marked the highest average and median sales prices since the association began its current data tracking system in 2005. Look up property valuations in Douglas and Sarpy Counties, and find real estate sales reports and neighborhood census data.

He said the average number of days a sold home stayed on the market has dropped 20 percent since last year, to about 78 days. That turnaround time is the quickest since the summer of 2005.

“Properties are moving fast,” Marple said.

In the Omaha area, the number of home sales that closed so far this year is up about 6 percent over last year, while the number of homes signed to a contract in July jumped 19 percent over the previous July.

The median sales price increased about 3 percent last month compared with the year before, to $148,000, according to the Omaha Area Board of Realtors.

The average time a sold home stayed on the market in the Omaha area has dropped more than 20 percent from last July's level, from 55 to 43 days.

Lower inventory likely has contributed to the faster turnaround in today's seller's market, agents say.

In both Iowa and Omaha, the number of homes for sale is about 8 percent lower than in July 2012.

Contact the writer: Cindy Gonzalez    |   402-444-1224    |  

Cindy covers residential and commercial real estate, economic development, tourism and hotels, and immigration issues related to businesses.

Google signs deal with MidAmerican Energy to power Bluffs data center
Supreme Court conflicted on Aereo’s streaming TV service
'Being frugal counts': Student pays for college with pennies
Spring corn planting still sputters in Nebraska, Iowa, other key states
Nebraska banking and finance director to retire
State regulator tells 2 ride services eyeing Omaha, Lincoln to cease and desist
Verizon Wireless looking to fill 100 full-time jobs in Lincoln
In brief: AT&T to expand 1-gig Internet service to 25 metro areas
Saddle Creek Baker's store considers adding a gas station
Black Hills Energy, Arbor Day Foundation partner to offer free trees
A stormy start to 2014 for Werner Enterprises, but forecast is brighter
The Record: Building permits, April 22
The Record: Bankruptcies, April 22
Why high oil prices are good for airlines
After peeling off its print layer, the Onion thrives
New job training program serves foster youth
USDA rural business investment program launched
Ring Supplier plans ribbon-cutting ceremony today
Meet a mermaid at Chicken of the Sea stop in Omaha
Thriving Nebraska technology company says it's 'the nature of our society' to automate jobs
Why two hotshots ditched six-figure salaries for a life of less
Tilly's racing to make 50 hats before the polo match
UNL report casts doubt on use of corn-crop leftovers for ethanol
Nebraska Crossing Outlets stores, layout
Johnny 'the Jet' Rodgers joins Rural Media Group
Deadline Deal thumbnail
Steam-A-Way Carpet Cleaning
$50 for 3 rooms and a Hallway up to 600 square feet
Buy Now
< >
Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail
Want to get World-Herald stories sent directly to your home or work computer? Sign up for's News Alerts and you will receive e-mails with the day's top stories.
Can't find what you need? Click here for site map »