Lake of the Ozarks Condominiums for Sale

In looking at price per square foot data, we are seeing prices that are continuing to climb, and that is good for the market.  However, a look at active inventories is telling a very different story.  Inventories are up, and they are staying on the market longer.  In looking at the "absorption rate" of Lake Area condominiums for sale, the numbers are rising drastically. 

How this table is calculated is by taking the total amount of available condos then dividing them by the total amount of condos sold in the previous month.  The resulting number represents the number of months it would take, at that same pace, to sell the entire inventory of Lake of the Ozarks Condominiums. 

The chart above shows a 24% increase in days on market for condominiums.  What does this mean? If you are thinking of buying, you are now in one of the best buying windows this market has seen in years.  Condominium inventories remain high, and that means sellers cannot be as stubborn as they could in the past.  To get a list of active condos for sale, or to speak with John Garrett, call 573-302-2320 or e-mail me for more information. 

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