The Latest Housing Market Trends in Rolla this February
What is going on in the Rolla housing market? 🤔
At Matt Smith Real Estate Group, we are dedicated to staying up-to-date with the current state of our housing market. Whether you're a home buyer or seller, this is something you don't want to miss.
We spend every day learning more about our local markets to better serve YOU. We focus on four key stats that will be best to prepare you for the ins and outs of our local housing market.
Real estate is LOCAL MARKET. Keeping an eye on the trends and stats will help ensure that you make informed decisions no matter what happens in your area.
1️⃣ NUMBER OF HOMES FOR SALE
Last month we had 110 homes available, but now we're down to 90.
- This means that there's less inventory available for BUYERS.
Making it even more important to partner with the right Real Estate team. At Matt Smith Real Estate Group we have access to off-market properties which will give you an EDGE in finding your dream home.
- SELLERS, less inventory means LESS COMPETITION
DON'T wait until Spring to sell when everyone is else selling. The demand for homes NOW is advantageous for you, so don't miss out on this opportunity! Listing now would make your home stand out above the rest.
2️⃣ AVERGE SALES PRICE
The average sales price has gone up substantially. Last month we were at $176,000, and now we're at $230,000.
In Rolla, our market has seen a slight shift in the caliber of homes that were sold month-over-month. After studying these numbers over a period of time, we conclude that the average sales price remains consistent - and this tells us there is increased demand for higher end properties!
3️⃣ NUMBERS OF HOMES FOR SALE
Another important number to look at is the number of homes sold in the last 30 days.
We had 34 homes sold this month, which is consistent with last month's 36.
4️⃣ SALES PRICE VS. LIST PRICE
Lastly, the sales price versus list price is an important number to keep an eye on.
This month, homes are selling for 98% of their asking price, compared to last month's 93%. This means that buyers are paying more for homes now than they were last month.
And this is a sign that the market is getting stronger! 💪
Despite the continuing changes to our real estate market, we here at Matt Smith Real Estate Group have been hard at work for YOU all winter long!
✅ Last month alone saw 186 appointments set - it goes without saying that this is no indication of slowing business.
Now more than ever, it's CRUCIAL to get a trusted Real Estate team on your side who'll walk you through every step and help make sure everything works in your favor when buying or selling property.
Our team has access to the TOP TOOLS and MARKETING STRATEGIES which continue to make us #1 Team in Missouri and the #8 Team in the Nation.
Curious about what your home is worth in today's market? Take advantage of our FREE Market Evaluation
Our expertise and commitment make us the premier choice for your Real Estate needs.
Get in touch today and see what opportunities await with us!