Rolla Real Estate Market Trends in April 2023
The Spring Market is HERE... 🌷
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's four KEY stats that you need to know for the month of April...
1️⃣ Number of homes on the market: Last month, there were 96 homes on the market, and this month that increased to 103.
2️⃣ Average sales price: The average sales price has remained steady at around $200,000.
3️⃣ Number of homes sold: Last month, 29 homes were sold, and this month that increased to 42.
4️⃣ List price versus sales price: Last month, the average list to sales price was 97%, and this month it decreased slightly to 95%.
What does all of this mean for you?
➡️ If you're a buyer, there are more options available to you, but you'll need to act FAST to secure a home in this competitive market.
➡️ If you're a seller, you can expect to get a fair price for your home, but you'll need to make sure that it's priced competitively and marketed EFFECTIVELY.
At Matt Smith Real Estate Group, we pride ourselves on getting our clients 2% MORE than the market average.
➡️ That means that on average, we can get you 2% more than what other agents are getting for their clients.
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.
Work with a trusted real estate professional to help you navigate the market and take advantage of the opportunities available to you.