It's still a seller's market in Branson - but I'm noticing the numbers inching up a bit. The magic number is an absorption rate of '6' months worth of inventory if nothing else were to be listed. This is a normal market. Anything below 6 is a seller's market with less inventory available, and anything over 6 indicates a buyer's market with more houses for sale than buyers. I've written a complete article about determining the market, just click on the link to find it.
When it's a seller's market, the seller has the advantage because there is less competition for buyers. They can usually get a higher price in a quicker time frame. However, when it's a buyer's market, there are more homes available with fewer buyers, so the prices tend to decline...which gives buyer's the advantage.
Please contact me with any questions you have. I look forward to hearing from you soon.
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