Omaha Home Sales Near Record High In 2012

Home sales in 2012 in the metro area were up 17 percent over the year before. That's good news for anyone planning on selling or even buying a home this next year.

More than 11,000 new and existing homes sold in the Omaha area last year. That's the second highest number ever, second only to 2006, before the national economy screeched to a halt. New home construction in 2012 was up more than 15 percent over the previous year.

Amanda Worner moved into a growing neighborhood near 180th and Maple a little over a year ago and has noticed the progress. "The empty lots that we kind of saw when we first moved in, there weren't a whole lot of other homes building. But now in the last year it's really taken off."

Andy Alloway is the owner of Deeb Realty in Omaha. "I think there was a lot of pent-up demand in the Omaha area. We have a better economy than most. So most people could have bought and sold over the past few years, but they just kind of put their plans on hold for awhile."

But Alloway says an improved economic outlook, rising home prices and record-low interest rates helped boost home sales in 2012. The average home sale price in Omaha rose more than four percent last year.

"People can buy a lot more home for the money now," said Alloway. "It's a really good time to buy and it's also a good time to sell because the activity has been so good."

The Omaha housing market is also getting national attention. The website 24/7 Wall says Omaha's housing market is the seventh strongest in the country for 2013.

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