Quantcast

Survey shows Joplin home values increasing - KOAM TV 7

Survey shows Joplin home values increasing

Updated:
Joplin, MO -

Local realtors say new results from a home value survey show mixed conclusions.  Home values have gone up in Joplin, but there's been a price to pay.

Residential real estate in Joplin is turning into a seller's market.

"Really feel that's helped sellers get a little bit higher prices for their homes," says Keller Williams broker Seth Dermott.

A recent survey says home prices in Joplin increased by 0.7% in February of this year compared to the same time last year.  Home prices also increased about one percent from January to February of this year.

Dermott says the recent increases in home values are small.  There are fewer options for buyers because of a decrease in home construction.  While construction has slowed, so has the job market.

"The job growth hasn't been there like they wanted to, and builders look into that.  They want to make sure that buyers are going to be able to buy their homes," says Dermott.

Realtors say if you're thinking about selling your home, you should take advantage of this market.

"Sellers are getting top dollar right now if they're priced well and the home is in really good condition, homes are selling very fast," says Dermott.

It's turning this year into a record-breaking one for some realtors.

The home price study was done by Core Logic, a California-based company providing consumer information and analytics..  

MORE TOP NEWS

Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.