Building continues at a torrid pace around Branson. Mortgage rates easing up should help with the historic levels of “For Sale” homes on the market: 8/30/2006
 

Updated Tri-lakes Real Estate 11/14/07

Percentage Increase from 2006 to 2007:

Homes for Sale ’06:1168 *’07:1772 = 52%
Land/Lots for Sale‘06:1900*’07:2688 = 41%                           Condos for Sale ‘06:  428 *’07: 607 =42%

The growth in population creates a need for more housing inventory, but 50% more over a year ago is an ominous number that reflects overbuilding as well as local population growth. Transactions have dried up. From August 1-28 2006, 144 homes were sold, but from August 1-28 2007, only 106 homes have sold, 26% less in 2007.