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January Market Update
You may have noticed I skipped the December update! In short, the 7%+ interest rates, paired with the holidays drove the market to a screeching halt for a minute. With the start of the new year, lower rates and the spring market approaching, I have seen a big pick up in the market! Details below.…
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November Market Update
We again had another month of sales declines while prices increased year-over-year. The single-family average sold price in Boone County for the month of November was up 10% over last year to $305,809. The median price increased 15% to $275,000. In the City of Columbia, the average price was up 16% to $362,936, and the…
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October Market Update
Single-family home sales declined from this time last year by 33% to 149 units. Home sales are down almost 15% year-to-date and down 2.7% compared to 2019. Home sales in the City of Columbia have declined 13% year over year. Prices have continued to increase from this time last year, with the average price increasing…
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September Home Statisitics
Prices continue to increase, with the median price up 23% to $295,000 and the average price up 21% to $348,047. The jump in prices is the result of sales declining from last year in the price ranges under $349k, while the home sales over $350k remained relatively steady from last year. We also had three…
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August Home Statistics
For August, sold homes were down 16% from last year, with decreases in existing and new construction sales. For the first time in a while, the median sales price was down less than a percent to $270,000, while the average price was up 3% over last year at $329,755. Days on market increased 21% to…