New construction/Existing Home
I recently performed a market analysis on a home in a high-demand area and the average market time for the past 12 months was 29 days. I also recently performed a market analysis on a home in a neighborhood of less demand and the the average market time for the past 12 months was 105 days. According to the Omaha area multiple listing service the average market time for the entire metropolitan Omaha area for existing homes was 78 days.
I hope this helps. If you have any specific questions please contact me direct.
John Lorkovic, Keller Williams Realty, 402-598-4287, JLork@inbox.com
Although I can't attest to what is average in Omaha, I can say in Lincoln, a safe estimate is 90 days. (Many do sell sooner than that, but I would say that's average.)
The five things that make this happen are - Price, Condition, Location, Marketing, and the agent you choose.
Even if just one of those things aren't right, it will take longer to sell, or it may not sell at all.
That is every price range lumped together. There is a difference depending on price and catagory.
Also does not take into consideration prior list time for properties relisted.
Contact me for more specific information
In other words, if a house was listed previously for 120 days, for instance, and then re-listed by another company and sells in 14 days, the time goes back to zero, andthe Days on Market would show 14 days which is not a true picture. The only way to get a true average would be to do a hand search.
Different home price ranges have different average market times. A home in the $100,000 range generally would not take as long to sell as a $500,000 home.
A full-time, experienced Realtor should be able to give you an "educated guess" based on your area, price range, condition, etc. Hope this helps.