There have been few times in my real estate career that I have seen such strong market trends and indicators of a positive housing market. Recently, folks have purchased a home for the first time, purchased a new upgraded home, there has been high investor activity, etc. This has created an overall nice balance in the marketplace. I thought I would take a moment to give you my take on the current market conditions and things that I have witnessed.
I spent some time in our MLS (Maris) and generated the numbers and information listed below. This should be deemed accurate but not guaranteed. Now that I covered the legal notices, let’s see what we have.
In the Ft Wood area, there is plenty of supply and it still trends to a buyers market. Let’s look at the past 365 days of market activity, specifically in Waynesville and St. Robert, MO. The average number of days a home is listed on the market is 166 days. The average listed home price is $147,558. The average sold price is $146,145. Currently, there are 385 active homes for sale in these two areas.
The Rolla, MO market differs from its southern neighbor. Currently, there are 174 active homes on the market within the City of Rolla. The average listed home price is $180,857 and the average sold price is $137,635. The average number of days on the market presently is 123 days. The Rolla market seems to have a strong buyer/seller balance.
Farm land and vacant property sales this past year have been outstanding with increased sales and prices. If you have farm land or property you want to sell, now is the time to be on market.
I feel both markets are strengthening and indicators point upwards. In a broader look, being an election year, this could cause some shakeup in the market depending on who will be our next president. In addition, there are some signs that show a slow increase in interest rates and presently money is cheap! If you have ever been in the market to purchase a home, the water is fine...come on in!
In my opinion, we are at the start of a busy season. I look forward to helping people find a new place to live (buyers & renters) or you can hit me up about a way to invest in real estate this year! –MLW
I spent some time in our MLS (Maris) and generated the numbers and information listed below. This should be deemed accurate but not guaranteed. Now that I covered the legal notices, let’s see what we have.
In the Ft Wood area, there is plenty of supply and it still trends to a buyers market. Let’s look at the past 365 days of market activity, specifically in Waynesville and St. Robert, MO. The average number of days a home is listed on the market is 166 days. The average listed home price is $147,558. The average sold price is $146,145. Currently, there are 385 active homes for sale in these two areas.
The Rolla, MO market differs from its southern neighbor. Currently, there are 174 active homes on the market within the City of Rolla. The average listed home price is $180,857 and the average sold price is $137,635. The average number of days on the market presently is 123 days. The Rolla market seems to have a strong buyer/seller balance.
Farm land and vacant property sales this past year have been outstanding with increased sales and prices. If you have farm land or property you want to sell, now is the time to be on market.
I feel both markets are strengthening and indicators point upwards. In a broader look, being an election year, this could cause some shakeup in the market depending on who will be our next president. In addition, there are some signs that show a slow increase in interest rates and presently money is cheap! If you have ever been in the market to purchase a home, the water is fine...come on in!
In my opinion, we are at the start of a busy season. I look forward to helping people find a new place to live (buyers & renters) or you can hit me up about a way to invest in real estate this year! –MLW
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