Survey shows Joplin home values increasing - KOAM TV 7

Survey shows Joplin home values increasing

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..  


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