Texas County is sitting in a neutral market right now, with a market gauge reading of 49. Months of supply is at 4.9, close to a balanced range between buyers and sellers. Homes are typically valued well below the Missouri state median, with a typical home value of about $179,000 compared with roughly $299,000 statewide.
Prices have moved up over the past year even as conditions have become more balanced. The typical home value is up nearly 20 percent year over year, while the median list price has risen more modestly, with a small month-to-month jump heading into June. Inventory has expanded, with active listings up over 30 percent compared with last year, and months of supply has increased sharply from a year ago, giving buyers more options than they had previously.
Sales activity shows some crosscurrents beneath the surface. Homes sold in June are down compared with last year, yet pending sales have surged by roughly three-quarters year over year, and contract activity is also up month to month. At the same time, the median days on market dropped steeply from May to June to about 52 days, and the average sale-to-list ratio has nudged higher to just under 96 percent, indicating sellers are still achieving prices close to their asking figures. With conditions fairly balanced between negotiating power and opportunity, both buyers and sellers in Texas County can benefit from using Agent Pronto to connect with a local agent who understands these trends.
