The weekly “Joplin Metro Weekly Home Statistics” feature in the Joplin Globe, showed that despite gloomy national news, the real estate news in Joplin for 2011 was very encouraging. The numbers show that 2011 was a better year than 2010.
The average volume sold in 2010 was $199,263.966 compared to $272,818,297 for 2011. This is even more impressive when you think of the reduction of homes in our area due to the tornado.
The average sales price increased from $104,272 in 2010 to $112,456 in 2011.
And days that a home was on the market before it sold was 117 days compared to 126 days the year before.
In other words, the real estate market in Joplin was a boom to our local economy. Despite the disasters that we have had in Joplin, there was good news if you were looking to buy or sell a home. Our government continues to encourage this growth with the great loans that are available to home shoppers.
So while interest rate are still great, now is a good time to buy or sell a home.
Contact me, Mary Plunkett, to find out what can be done to get you into a new home.