Houses for sale in Branson Area climbs 4% in Last Week
Homes for sale in the Branson area increased from 1235 to 1285 during the last week alone. This 4% increase is the largest increase ever in housing inventory for a week. While we have seen inventory levels reach new highs for several weeks in a row, this trend looks to be accelerating, not slowing. Likewise, condos and land for sale also reached all time highs. Condo listings increased from 463 to 470 on the market and land listings increased from 2082 to 2097. As recently as July, there were only 1085 homes for sale, an 18% jump in 3 months. Greed amongst realtors and property owners are pushing the inventory to unsustainable levels. This is not the California gold rush and the market cannot tolerate such a huge increase in properties for sale without some side effects. We are likely to see days on the market to increase and the gap between asking price and sales price to go up as well. The number of transactions are not growing to keep up with the inventory so price and time to sell a home must be impacted.