Lake of the Ozarks Real Estate Update - April 2023

The Lake of the Ozarks Real Estate market is up and running... 🔥

At MSREG, we are committed to our core value of EDUCATION and giving back to our community.

We keep a close eye on these market trends so that we can better inform our clients.

Here are four KEY stats that you need to know in the Lake of the Ozarks for the month of April...

1️⃣ Number of homes on the market

Last month there were 844 homes available, and this month there are 855.

2️⃣ Average sales price

This has increased significantly from last month, going from $356,000 to $385,000.

3️⃣ Number of homes sold over the last 30 days

There were 134 homes sold last month, and this month that number has increased to 220.

4️⃣ List price versus sales price

Last month this was at 96%, and it has remained steady at that percentage this month.

What do these numbers mean for you?

👉 NOW is the time to either start looking at the Lake of the Ozarks to sell or buy....

The activity is picking up and it's going to continue to get busier and busier which is a good thing for both buyers and sellers if we have more homes available and we have more buyers available that are looking for homes to buy it's a win-win.

Now you may possibly be concerned about interests rates...

Currently, interest rates in our local market sit around 6.5% to 7%

👉 BUT many mortgage lenders have created programs to help increase your buying power and even reduce your rate by 3% for the first year.

Don't let interest rates hold you back from pursuing your dream of home ownership or selling your home for a fair price.

We have a strong track record of success in the local and state markets, and we're committed to helping you achieve your real estate goals.

So, if you're ready to take the next step, don't hesitate to reach out to us and let us help you start your home buying or selling journey.