10/10/2023
π‘π MARKET UPDATE ALERT! ππ‘
Hey there, Mid-Missouri Home Enthusiast! π Are you curious about the current state of the housing market? Well, I've got some eye-opening statistics to share with you that might just surprise you! ππ
In September 2023, the number of units sold in our area was 85 units. Now, let's rewind to September 2020, when we saw a whopping 155 units sold. That's a 45% decrease in the number of homes changing hands! π²
But here's the interesting part: While the market has slowed down, it's also shifted gears in favor of buyers. ππ¨ The average days on the market for homes has started to stabilize, meaning properties are sticking around longer. And guess what? π The average home sale prices have leveled off with minimal increase. It's all about finding that balance! βοΈ
Now, I know you might be thinking about those interest rates creeping up, but don't fret! ππ° With the shift towards a buyer's market, there are some fantastic opportunities waiting for you. ππ And remember, you always have the option to refinance if and when rates decrease in the coming years. π¦π
So, whether you're a first-time buyer, looking to upgrade, or considering an investment property, now might just be the perfect time to explore the market and discover the home of your dreams. πβ¨
Feel free to reach out if you have any questions or if you're ready to dive into this exciting market shift! π₯π Let's make your real estate dreams a reality. π‘π