What the 3rd Quarter Stats Say About Our Market

The Lake Ozark third quarter statistics are in, and the numbers show that the market is doing quite well across the board. Buyers are out and willing to pay, but inventory is low. Looking to buy in Lake Ozark? Get a full Home Search Looking to sell in Lake Ozark? Get a free Home Price Evaluation Curiosity about what's going on in the market is high, so today I wanted to talk about the third quarter market statistics. Lakefront homes are actually doing very well right now. The average sale price is up $10,000 from $311,000 last year to $321,000 this year. If you're looking to sell, it's a great time to hit the market. Similarly, the average list-to-sale price last year was 94.4%, and this year it's up to 95.5%. The average days on market dropped from 155 last year down to 142 this year. The biggest problem we have in the Lake Ozark market, though, is a lack of good inventory. Last year we sold 509 homes, and we have sold 469 this year. The only reason for this is that we just don't have the homes to sell. Buyers are out there and they're willing to pay more. Days on market are good, too. If you price your home properly when selling, you're going to get people looking to buy it. Buyers are out there and they're willing to pay more. Non-lakefront homes are becoming more important here as more people decide it's a great place to live. In our market last year, 548 homes were sold. This year, 607 homes were sold. The average price on these non-lakefront homes rose slightly from $130,000 to $131,000, and list-to-sale ratio also rose slightly from 94.9% to 95.3%. Days on market for off-water homes went from 85 to 60. It's a great time to sell these homes as well. Condos sales are up slightly this year, too; 461 units sold this year compared to 446 last year. Condos have a 95.8% list-to-sale price ratio, so it's a great market. All in all, it's a great market across the board. The only thing I see down are lots, because we're seeing some hesitation in builders. That's mostly because you can buy a lakefront home cheaper than you can build one in today's market. If you'd like a copy of any of the market statistics or you have questions about the Lake Ozark market, feel free to give us a call or send us an email. We'd be happy to hear from you.

You can listen to What the 3rd Quarter Stats Say About Our Market online on Radio and Podcast. Open the player on this page to stream the available audio.

What the 3rd Quarter Stats Say About Our Market is an episode from Lake Ozark Real Estate Podcast by Marty Gum.

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This episode was published on Sep 15, 2016.

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