Top Real Estate Stats You Need to Know in the Lake of Ozarks
The LOCAL REAL ESTATE market is changing!
If you're considering buying or selling a home in the Lake of the Ozarks in the near future, you'll want to stay informed about the current state of your local real estate market.
At Matt Smith Real Estate Group, 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.
It's important to remember that Real Estate is a 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.
Watch until the end to find out the MOST CRUCIAL update and how it will impact you and your decision to buy or sell a home in the Lake of the Ozarks.
1️⃣ NUMBER OF HOMES FOR SALE
In the last month, we had 730 homes available, and this month we have 778, meaning there is still inventory available for buyers.
2️⃣ AVERGE SALES PRICE
Last month it was $464,000, and this month it's $416,000
3️⃣ NUMBERS OF HOMES FOR SALE
The number of homes actually selling in our market is also essential to track. Last month, we had 134 home sales, and this month it's significantly less at 86.
4️⃣ SALES PRICE VS. LIST PRICE
Lastly, the sales price versus the list price is an important number to keep an eye on.
Last month, we were at 94.9%, and this month we're at 93.7%.
What do all of these stats mean for you?🤔
Right now we are still seeing a very strong real estate market.💪
- BUYERS, it's still a great time to buy. Lenders are willing to offer better deals and programs so you can get a better interest rate to get your home more affordable. We call that BUYING POWER.
Additionally, our off-market program gives buyers access to exclusive off-market and upcoming listings, giving you an ADVANTAGE in a competitive market.
- SELLERS, while there have been fewer home sales in the last 30 days, there's been a massive surge in buyer interest in the Lake of the Ozarks. That means it's the perfect time to get your home on the market and take advantage of this wave of activity.
Our listing specialists can provide a FREE Market Evaluation to help you understand how we can market your home and get it sold for top dollar.
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.
We absolutely love being your number-one real estate
Get in touch today and see what opportunities await with us!