June Market Statisitics

  •  Single-family home sales declined 15% in June to 297 closed sales.  This puts sales down 10% for the first half of 2022 compared to 2021.
  • Prices continue to escalate, with the average price up 12% to $344,440 and the median up 13% to $398,900.
  • Days on market are down to 8 days. However, homes that sold between $450k to $499k had 39 days on market for June, and homes sold between $500k and $750k were 21. This is the first increase in the number of months of inventory since March of 2019.
  • The number of months supply of homes on the market increased for the third month in a row, up 35%.  This seems like a big jump in inventory, but inventory only went from .71 months to .96 months. 
  • Building permits in Columbia, Ashland, and Boone County were down 21% from last year in all three locations.  Overall, permits are down 28% from January through June compared to the first six months of 2021. 
  • The market appears to be leveling off as we see inventory rise towards reasonable levels. Buying a home is becoming easier with fewer multiple offer situations and listing your home is still fantastic with the continued low inventory.

Source – Columbia Board of Realtors, June 2022

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