March 2024 St. Robert - Waynesville Housing Market Update

The Spring housing market is HERE!🚀

If you’re thinking about buying or selling your home this Spring – it’s important you seek out LOCAL facts about our real estate market.

Here are the stats that will give you a TRUE and CLEAR picture of how our local market is doing this March 2024.

1️⃣ Median Sales Price - $211,500 up by 21% year-over-year

The average price of homes sold in Pulaski County is up by 21% compared to last year. Now, the typical home sells for $211,500, which is a big jump in price.

2️⃣ New Listings - 67 new properties listed

March has seen a rise of about 12%, with 67 new properties on the market in the last 30 days.

3️⃣ Homes for Sale - 121 properties available

The number of homes for sales is another important stat we consider which combines new listings and existing inventory. This helps us see exactly what homes are available for buyers right now.

In Pulaski County, this number is up 12% year-over-year, with 121 properties available.

4️⃣ Closed Sales - down by 44%

This tells us how many homes have actually sold in the last 30 days.

This month, it has decreased significantly by 44%, indicating fewer homes have actually closed.

5️⃣ Days on the Market - average of 61 days

The average days on the market remain pretty steady, with the average property in Pulaski County sitting for 61 days before going under contract.

6️⃣ Month Supply - 2 months worth of supply

This stat provides us with an overall pulse of the real estate market.

Experts say a six-month supply is considered balanced. We've been in a seller's marketplace for years now and we still are with our local months supply at 2 months.

However, buyers take note that it's shifting towards a balanced marketplace...with the month supply increasing year-over-year to two months.

We aim to educate and inform you about the real estate market each month because we know it's crucial to have a reliable resource for the purchase or sale of your most significant asset—your home. 🏡

We have seen so much increased buyer and seller activity...

➡️ Our number of under contracts is the highest they've been all year, by far.

➡️ Activity for buyers is through the roof 📈 and more sellers are considering putting their homes on the market

If you've been waiting to see where the market heads, now is the time to act.

We would love an opportunity to earn your business and assist you in navigating this market.

Let's help you get started by clicking HERE

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