Market Updates with Will - Week of November 9

Omaha agents. Here are five things that changed in the market this week. And one them is a big one. Let's dive into it in this week's Weekly Market Update with Will!

1) Pendings dropped by 42% this week, going from 149 to 87. This also marks the first time this year that we have less than 100 pendings in the market.

2) Seller competition is at its highest level of the year with over 2,100 detached properties for sale.

3) Expired listings jumped by 75% in October, ending at 42 after only reaching 24 in September.

4) Rates are still hovering around 7.3%, a number that hasn't moved much since late October.

5) For the first time this year, closed sales are behind 2025 numbers (8,722 this time in 2025, 8,446 today).

Listing agents! In this market you can choose time or you can choose price, but you may not be able to choose both. Meaning if you need to sell your home in the next 30 to 60 days, not want to, you may have to price much more aggressively than you will in January, February, or March.

Buyer agents! We have been saying this for the last couple of weeks. If you're looking for a deal, within the next 50 days is your best window in the last six years to negotiate on purchase price, concessions, or something else that matters for your buyers.

See you next time! To view this blog in our video format, check it out on our Instagram and Facebook pages. Until next time!