Metropolitan Statistical Area (MSA):
There is no doubt that the Poplar Bluff, MO metropolitan statistical area (MSA) has seen some ups and downs in the housing market over the past few years. However, there are some definite trends that have emerged in recent months that suggest that the market is on the rebound.
One of the most notable trends is an increase in home sales. In fact, according to data from the National Association of Realtors, home sales in the MSA were up nearly 10% in 2016 compared to 2015. This is a trend that is expected to continue into 2017 as more and more buyers enter the market.
Another trend that has emerged is an increase in prices. While prices had been relatively flat over the past few years, they have begun to rise again in recent months. This is likely due to the increased demand from buyers combined with a limited supply of homes on the market.
Finally, another trend that has emerged is an increase in new construction. While new home construction had all but dried up during the housing crisis, it has begun to pick back up again in recent years. This is good news for both buyers and sellers as it helps to meet pent-up demand and also provides additional options for those looking for a new home.
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