COVID-19 is affecting us all. Here’s a Branson Real Estate Market Update with Good News!
Branson Real Estate Market Update
How is the Branson Real Estate Market doing during the Coronavirus Lockdown? Actually, pretty well!
Today is May 9 and I wanted to get an up-to-the-minute look at the market since April 1 (compared to the same time frame last year), so basically this is about 6 weeks of data.
Branson – 4/1/2020 – 5/9/2020 – 80 residential home sales with an average list price of $151,300 and a sold price of $147,726, which means that homes sold at 98% of their list price in 78 days. The same time frame in 2019 saw 140 homes sold with an average list price of $179,693 and a sold price of $167,356, which means they sold at 93% of list price in 76 days. With the COVID-19 lockdown, we would expect home sales to drop somewhat simply because no one could look at them. Considering this fact, Branson Home Sales still were up in price and we’re sold at a higher percentage of their list price, in about the same amount of days on the market. Branson home sales are doing very well!
Taney County (same time frame) saw 133 homes closed in 2020. The average list price was $164,042 and the sold price being $158,233, which means they sold at 96.4% of their list price in 88 days. 2019 saw 207 homes sold with an average list price of $161,860 and a sold price of $159,369, which means they sold at 98% of list in 80 days.
Hollister (same time frame) saw 16 homes closed in 2020. The average list price was $246,231 and the sold price was $221,373, which means they sold at 90% of list in 101 days. During 2019, there were 32 homes sold with an average list price of $195,922 and a sold price of $188,106, which gives us a 96% ratio in 96 days.
So, all three areas had similar numbers – fewer homes sold – but increased sales prices and LP/SP ratios.
A report just in tells us the following from the National Association of Realtors (NAR) –
“NAR’s latest Economic Pulse Flash Survey finds that more than 3 in 4 potential
sellers—77%—are preparing to sell their homes following the end of stay-at-
home orders, with half completing do-it-yourself home improvement projects. The
survey also finds that nearly 3 in 4 REALTORS® currently working with sellers
this week—73%—reported their clients haven’t reduced listing prices to attract
Homes for Sale in Taney County