Just a little update on the real estate market in Branson Mo. I'm actually inserting this in my monthly newsletter, and adding more thoughts and info here to give you an idea of what's going on. As you can see the market has improved in March and holding steady this past April. Our average list price has been up there around 200K but really this is a combination of higher end lake homes and lower end 100-130 average homes. It's good to see list price and sold prices are getting closer together, so sellers are not losing as much as they were in the winter months which is typical for our area. Both of these lines spiked in March getting the average sold/list price over 150K, which I have not seen in years. I know a lot of buyers have really been working hard on their credit, and finally qualifying. many are also getting government loans, mainly USDA or VA. These loans are more difficult to close and take at least 45 days, so sellers are having to wait longer. Cash investors are still out there, but they are mainly interested in distressed homes, foreclosures and short sales. Buyers that have been waiting are finally getting ready to buy and that's good news!
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