Posted by Abie Calinisan on Friday, July 1, 2022 at 3:13 PM By Abie Calinisan / July 1, 2022 Comment
It is important to stay up to date with the real estate market, especially as it starts to normalize.
YES, THE REAL ESTATE MARKET IS NORMALIZING.
Although mainstream media affects public perception, it is important to look at the hard data.
Here's our June Market Update for Lake of the Ozarks.
NUMBER OF NEW LISTINGS
The number of new listings at Lake of the Ozarks has remained the same over the past year, at 640.
NUMBER OF SOLD AND PENDING LISTING
Meanwhile, the number of sold listings and pending listings have decreased. This reveals that there are fewer homes being sold and fewer homes going under contract.
AVERAGE SALES PRICE
The average sales price is up year over year, by over 70 000 dollars. That's a huge increase in average sales price. However, there are less homes selling. Nevertheless, your home values are still increasing in value because of inflation and many other factors.
Inflation is something else most of us are concerned about. When inflation occurs, don't you think that rents also go up? If you're looking for a place to rent, that would be out of your control. However, if you buy a home now, you are in control of your interest rate with a fixed-rate loan. There are many benefits to owning a home in today's market that you can actually control.
So if you're interested in buying or selling in today's normalizing market, it's important to have the right marketing strategy, the right pricing structure, and to partner with the right team!
Matt Smith Real Estate Group is the #1 real estate team in the state of Missouri and ranked #8 in the nation!
We have a team of experts who can help you navigate through this market.
We would love an opportunity to earn your business!
Click the link here for your free home consultation. https://www.mattsmithrealestategroup.com/sellers/free-market-analysis/
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