The Omaha Metro's May Numbers Are In — And They Prove My Point From Last Week

Last week I told you real estate is local. This week, the data backs me up completely.

The Greater Omaha metro's May 2026 numbers are out from the Great Plains Regional MLS. So let's break down what's actually happening here. 

Existing Homes: Still Your Moment

The greater Omaha area neighborhoods, and the greater MLS cevered areas — this is your data, and it's good:

• Median Closed Price: $320,000 (+4.0% YoY) — outpacing the national bump of 0.9%
• Days on Market: 14 days — about half the national median
• Percent of List Price Received: 100.0% — sellers are getting full ask
• Inventory: 1,346 homes (-4.1% YoY)
• Months Supply: 1.5 — still a seller's market.

Fourteen days. That's not a "maybe I'll get lucky" number. That's "price it right and watch what happens" math. Like I said last week — the first 72 hours of your listing are the most crucial.

New Construction: A Different Story

Now flip over to new construction — your Elkhorns, your Gretnas where the new development is real:

• Median Closed Price: $413,869 (-4.2% YoY) — prices actually came DOWN
• Closed Sales: 244 (+11.9% YoY)
• New Listings: 246 (-21.7% YoY)
• Inventory: 870 homes (-13.3% YoY)
• Months Supply: 5.3 — much more breathing room than the resale side

If you've been telling yourself "Elkhorn is a stretch, maybe next year" — falling prices and more months of supply mean you might have a little more room to work with than you think.

The Combined Snapshot

Putting new construction and existing homes together for the whole metro:

• Closed Sales: 1,271 (-1.3% YoY)
• Median Closed Price: $345,000 (+3.8% YoY)
• Days on Market: 27 days (-3.6% YoY)
• Inventory: 2,216 homes (-7.9% YoY)
• Months Supply: 2.1 (-12.5% YoY)

What This Means For You, Specifically

Sellers in established neighborhoods the data is on your side. But that doesn't mean price it for tomorrow's market. Price it correctly for THIS market, based on actual comps from the last 90 days. Not your neighbor's, mothers twice removed cousins ex husbands opinion.

Buyers eyeing new construction in Elkhorn or out toward Gretna — this is the segment where you might actually have some leverage for the first time in a while. Falling prices + rising supply = room for a real conversation.

Buyers looking at existing homes — I said it last week and the numbers just proved it true: waiting for perfect in this market is its own kind of expensive. Fourteen days on market is not a market that waits for you to think it over.

The Bottom Line

Existing homes in established neighborhoods are still moving fast and pricing up. New construction has a little more breathing room. Your specific situation — your zip code, your price point, your timeline — determines which of those stories is YOUR story.

That's not something a national headline can tell you. That's something I can tell you.

Call me. Let's talk about what these numbers mean for your specific street.

Data source: Great Plains Regional MLS, current as of June 13, 2026.

Angela Peters | REALTOR® | The Home Girl Keeping it... real estate. Omaha, Nebraska & Southwest Iowa NE 20110578 | IA S73434000 | 402.215.1529 | www.thehomegirlne.com