Vienna, Virginia

Developed as a railroad town in the 1870s, Papillion is now the county seat of Sarpy County and is home to many people who commute into Omaha, as well as military families for the Offutt Air Force Base. “About 85% to 90% of our business is military clients and a lot of them choose this area because they want to stay close to the Air Force base,” Brittney LaHayne, an agent for the local Better Homes and Gardens Real Estate, said. According to LaHayne, the local housing market is quite different depending on what price point you are looking for.

“I am seeing a slow down for homes listed at $400,000 and above,” she said. “They are still moving, but it is slower — like two weeks. But at the $300,000 and under price points, homes are still flying. I mean like 24 to 48 hours and they are gone.” Altos Research data confirms these trends. Homes with a median list price closer to $300,000 have a median days on market of 35 days, while those with a median price of $453,150 are typically on the market for 133 days. Like other agents, LaHayne is concerned about inventory. “It has been a problem for many years now, but the last two years we have really struggled keeping up with the amount of buyers that we have versus the number of homes we have in our market,” she said. “Even new construction, for the last couple of years, has not been able to keep up with the amount of people that we have coming to the area.”

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