SPRINGFIELD, Mo. The real estate market in Christian County, as well as Greater Springfield, and the surrounding areas is the strongest it has been since the recession.
“The market is really hot,” said Scott Perryman, a real estate agent for Murney in Nixa, Mo.
Perryman said home values in Nixa rose some ten percent just last year.
“When the great recession hit, construction stopped, home values depreciated pretty handsomely for quite a while,” he said. “Now we’re seeing a complete and total reversal.”
The hottest properties are single family homes priced under $250,000, realtors said.
“We’ve had it on the market in the past. We thought, ‘Oh, here we go again with the keeping it clean getting the dogs in and out every time we have a showing,'” said Rachel Shuck.
Shuck and her husband raised their two boys in their Nixa home. Now that the boys are graduating, they decided to list it. What happened next floored them.
“On the first day we got a phone call for a showing, thought that’s great, and then it just kept ringing, so we had ten showings and two offers in the first, I don’t know, first 12 hours it was on the market, so it was really good,” Shuck said.
The Shucks accepted an offer for more than their asking price. Now they are looking for a rental in Ozark where Rachel teaches, but it is proving difficult to find a place on short notice that will accept their furry friends.
“If the homes are priced right, and they’re in a good location, and they’ve been marketed properly, that’s not untypical right now, that we’re having multiple offer situations,” Perryman said.
Numbers show some 12,000 home sales in our area in the last 12 months, up from 9,200 the year prior, according to data available from Murney. That uptick is driven in part by low interest rates, real estate agents said.
“The trend right now I haven’t seen it in a long long time. It’s very encouraging,” he said.
Encouraging but also stressful for families making those quick transitions.
“It’s emotional but in a good way. Just (hope) that they enjoy the home as much as we did,” Shuck said.
Numbers show the average house in our area is on the market 57 days. That is 90 or more days last year at this time. However, houses in high-demand areas, priced right, can sell much quicker.