How is the Phelps County Housing Market Doing this December
What is happening in the Phelps County housing market this December? 🔍
Every month we take a look at our local housing markets to provide you with some insight to help you make the best real estate decisions possible.
When doing the monthly market updates we look at a few stats that we feel are the most important when analyzing the real estate market.
✅ Statistic #1: Homes on the Market
Right now, there are 120 homes on the market which is very similar to last month at 124.
✅ Statistic#2:Average Sales Price
The average sales price this month dropped a little. It's around $200,000 vs. last month at around $213,000.
SELLERS, it's not all bad news!
👉 It is still a great time to sell your home. A lot of sellers that we are talking to are waiting until Spring to put their homes on the market. This is evident in stat #1, showing us that there are fewer homes on the market.
👉 So there's less competition. When buyers are looking for a home, during this time, your home will stand out.
✅ Statistic #3: No. of Homes Sold
For the last 30 days, there have been 35 homes sold in Phelps County. This is slightly lower than the previous month, which was at 41.
✅Statistic #4: Sold Price vs. List Price
The average listing sales price in Phelps County is 96.6% which is slightly down compared to last month.
But there is good news!
With our team, marketing strategies, amazing agents, and the entire process that we do to make sure we serve our communities and our clients at the highest level.
🚨 WE ARE BEATING THE LIST PRICE TO SALES PRICE RATIO BY 2%!🚨
It is more important than ever that you work with the right real estate team that has your best interest to ensure that you make the right decision and get the most out of your home.
BUYERS right now is still a good time to look into buying a home.
👉 Interest rates have dropped recently.
👉 We have programs that we can offer that gets you as low as 2% OFF of the market rate!
👉 There is less competition, meaning fewer buyers on the market.
We are happy to sit down with you, understand your needs to see if it's a good time for you to buy or sell.
Why do we look at all this data?🤔
This real estate market update is designed to give you a snapshot of what’s happening in your local real estate market
And as the #1 team in the area and #1 in the state of Missouri. We offer our clients a level of service that is completely unmatched in the industry.
So if you’re looking to buy or sell, you need a professional that is on your side!
Please reach out to us, we would love to help navigate you through this process.