Winter weather can be a real trickster around here. We may be up to our knees in snow one day and rocking shorts and flip flops the next. It can be a stretch to find something fun to occupy our time
2022 Yearly Market Report
Dated: January 17 2023
|Home sales normalized in 2022 as the pandemic real estate rush settled down and interest rates began to increase. Slowing home sales have allowed housing inventory to rise, but with just over 800 homes for sale, inventory is still short of where it needs to be for a balanced market. However, the rise in inventory is just what buyers have been waiting for to have more options and less competition.|
Over the Decade
Median Sale Price by Month
Home prices continued to rise into the middle of 2022 until the Fed raised the federal funds rate in order to curb inflation in the housing market and the economy as a whole. Though their plan made affordability a challenge when rates and prices peaked together, lowering prices along with increased inventory should allow more buyers to enter back into the market.
5 Year Median Sale Price
Data gathered January 4, 2023 from MLS data for Greene, Christian, and Webster counties for residential properties during the period January 1, 2022 to December 31, 2022.
About Murney Associates, Realtors®
No one loves the Ozarks more than Murney Associates. Our real estate agents are here to help you navigate one of the most important decisions you’ll make. We encourage you to look at our market updates which highlight real estate trends in Springfield, MO, and the surrounding area, as well as our rankings in home sales. Thanks to our clients for making Murney Associates, Realtors the number one real estate agency in Southwest Missouri.