Fri. Dec 1st, 2023
Following the White House’s recent announcement this past week that the COVID national emergency is now over, available housing continues to be in short supply at the Lake of the Ozarks.
“We have seen a lot of ups, we’ve seen a lot of downs….we’ve seen a lot market trends and changes, but right now things are pretty solid here at the lake” says Dave Payne, Executive Director of the Lake of the Ozarks Board of Realtors, “The biggest problem we have here is inventory…and that’s a problem we’re pretty much having everywhere.”
He tells KRMS News that ongoing efforts by some of the local municipalities to focus on affordable housing will play a key role in determining where the market goes in the lake area…“It’s going to be thing that really helps the Lake the most. Affordable housing brings people into transitional housing, which gets them into home ownership and property ownership and as Realtors….that’s what we do.”
In the meantime, while the transition continues, housing prices have leveled out for the most part but are still pretty attractive for sellers and buyers alike in the lake area.