The Truth About Pulaski County's Real Estate Market Today

Is NOW the right time to buy?🤔

Want to make the right move?👍

As summer winds down, we want to share with you our most recent local real estate market updates to keep you informed on what is REALLY happening in today's market.

Here are 5 stats to help you make a decision if buying a home is really a good idea…

Stat1️⃣: Active Inventory

131 homes available this month, down slightly from 133 last month. It's stable – not many new homes coming or going!

Stat 2️⃣: New Listings

We saw 92 new listings last month, and 77 this month. Slight decrease, but it's a common trend towards the end of summer.

Stat 3️⃣: Closed Homes

59 homes sold this month, compared to 81 last month. Less activity, but that's typical for this time of year.

Stat 4️⃣: Average Sales Price

An increase to around $222,000! Up by $5,000 month over month.

Stat5️⃣: Days on Market

Homes are selling quicker! 21 days on average in August, down from 34 days in July.

Here's the BOTTOM LINE...

Home values are predicted to increase, and waiting to buy might cost you more in the long run.

🚨 Buyers...

A slight decrease in inventory levels indicates that competition among buyers might be high. However, quality homes are still coming onto the market.

🚨 Sellers...

The slight decrease in inventory is a positive sign. Less competition could mean your property stands out more to potential buyers and may sell quickly and for a good price.

Don't believe everything the media tells you! The demand is there, and the supply is tight, so prices are likely to continue rising.

Even Zillow corrected their prediction, now expecting home prices to keep increasing.

Want more info?

Check out our pages for detailed insights, and feel free to reach out anytime.

Matt Smith Real Estate Group is the #1 Real Estate Team in Mid-Missouri. We're here to help you make the best decisions for you and your family. 🏠

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