According to information provided by Ozark Gateway Association of Realtors, which is our local real estate association, the market in 2011 was better than the market in 2010. By “better “I mean that in 2010 the average volume sold was $192,701,276 while so far in 2011 the average volume sold has been $266,127,296. Woot Hoot! for those of you that sold your home at a good price this past year and those who found their next domicile.
I know that the tornado knock out many, many homes in the area. Lots of our fellow citizens were left scrambling for housing. But many of the remaining residents responded by deciding that now was a good time to sell the home that they had been thinking about selling (but just had not gotten around to doing it.) We ended up having, as of today, 2384 homes sold in 2011 in the Joplin, Carl Junction, Seneca, Webb City, Carthage, Neosho and Diamond areas. That compared to a supply of 1851 homes in 2010 that were sold.
Another statistic is that the average days on the market was 117 days compared to 126 days in 2010. Admittedly the market was cRazY in the month of June, July and even August. But if you are thinking of buying or selling don’t feel that you missed the boat. There are still many people who are looking for homes. Personally, I am working with many more buyers this December than in past years. These buyers include people who are your typical buyers; people who have moved to the area and need a home, or people who are looking to expand (shrink) their current home because of family needs. However, we still have people displaced by the tornado that are getting a bit tired of living with their relatives or have finally settled with the insurance company. Time to move on and get a home of their own!
If you are a buyer, I have good news for you also. There has been 4484 new listings in 2011. That compares with 3842 a year ago. Currentl,y there are 1640 homes you can buy! So there is a wide inventory variety of homes with many choices of homes to suit your family’s needs. Another piece of really good news is that USDA, the government agency in charge of rural development loan, has granted that all of Jasper and Newton counties qualifies for the RD loan. The really cool thing about this is that this loan requires NO down payment. So check it out. Contact me if you need the names of some loan officers that can give you all the information you need to get your loan.
Thanks to all for helping me have an outstanding 2011. My goal for 2012 is continue to help as many people as I can to buy or sell the real estate so that they can move on with their 2012 goals and dreams. God bless you.