Market Update for Greater Omaha Metro Area - September 2026

Greater Omaha Metro Area Real Estate Market, Updated for September 2026 

U.S. existing-home sales fell 2.0% from the previous month and 1.2% from a year earlier to a seasonally adjusted annual rate of 3.98 million, the first reading below 4 million since June 2025, according to the National Association of REALTORS® (NAR). Sales held steady in the West and declined in the Northeast, Midwest, and South. Compared with a year earlier, sales were unchanged in the South and declined in the Northeast, Midwest, and West.

New Listings decreased 28.1 percent for New Construction and 9.4 percent for Existing Homes. Pending Sales decreased 36.9 percent for New Construction and 15.8 percent for Existing Homes. Inventory decreased 10.7 percent for New Construction and 2.7 percent for Existing Homes.

Median Closed Price increased 2.2 percent for New Construction and 1.7 percent for Existing Homes. Days on Market decreased 19.1 percent for New Construction but remained flat for Existing Homes. Months Supply of Inventory decreased 6.6 percent for New Construction and 4.8 percent for Existing Homes.

Heading into September, there were 1.62 million homes listed for sale, up 3.2% from the previous month and 5.9% from a year earlier - the first time inventory has exceeded 1.6 million units since November 2019, NAR reported. That represents a 4.9-month supply at the current sales pace, up from 4.6 months a month earlier and the highest level in over ten years, according to NAR Chief Economist Lawrence Yun. The median existing home sales price rose 1.6% year-over-year to $429,100, marking 38 consecutive months of annual gains, and year-to-date sales are up 1.6%. The Federal Reserve raised its benchmark rate by a quarter point on September 16 to a range of 3.75% to 4%, its first increase since July 2023, and the 30-year fixed-rate mortgage moved above 7% in late September, up from an August average of 6.67%, according to Freddie Mac.

Statistics and Information provided by the Great Plains Regional Multiple Listing Service and National Association of REALTORS®. 

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