Ozark's real estate market is experiencing a price correction, with values down 11.9% from last year. Home prices have decreased 13.3% in the past month. At the current sales pace, it would take over 19.7 months to sell all available homes in Ozark, indicating an oversupplied market. Homes are now taking an average of 84 days to sell, significantly longer than the 39 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ozark market with the affordability index at 66.8. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
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