What Does the Lake of the Ozarks Real Estate Market Look Like this January 2023
New Year, new real estate market?
Are you thinking about buying or selling your home in 2023?
It’s important you seek out local facts when keeping up with the latest news and developments within our local markets.
Today we are going to look into the Lake of the Ozarks housing market trend, what we saw over the last 30 days and, what we saw over the last 30 days, and most importantly, what it means for you.
When doing our monthly market updates we look at a few statistics that we feel are the most important when analyzing the real estate market.
➡️ No. of Homes on the Market
This stat tells us how many homes are actively for sale in the real estate market.
There were 846 homes on the market and it went down substantially this month at 730 homes.
Sellers, with less competition in the market, this could be your chance! You don't have to wait until Spring to make that decision.
➡️ Average Sales Price
This gives us a grasp on what's going on with home values in the Lake of the Ozark Housing Market.
Last month, we were at $445,000 and it went to $465,000. That is a huge jump month over month!
Contrary to what mainstream media says, the average sales price continues to increase in the Lake of the Ozarks.
➡️ No. of Homes Sold
Last month we sold 169 homes and over the last 30 days, we sold 134 homes.
The slight drop is a typical seasonal downturn at the Lake of the Ozarks but there's still a lot of activity going on in this area.
➡️ Average Sale Price vs. List Price
This is an indicator of what are buyers and sellers are doing in negotiating. It tells us our price point as a seller and negotiating power as a buyer.
We were at 95% last month and it went down slightly to 94%.
Why do we look at all this data?
We want to give you an educated snapshot of what’s happening in local real estate market.
Real estate always has been and always will be a local market. 🔥
It's important to have a good understanding of the current state of your local real estate market to make the best decision for you and your family!
This is the biggest purchase or sale of your life, and don't take it lightly.
As always, our team remains #1 in our area and #1 in the state of Missouri.
We offer our clients a level of service that is completely unmatched in the industry.
So if you’re looking to buy or sell, you need a professional!