The April 2017 Sales Statistics have been posted to cbormls.com. The number of sold properties in April of 2017 was roughly 2.5% less than April of 2016 with 220 single family homes sold this April. The decline in sales was only in the existing home market, while new construction sales increased from 24 units in 2016 to 34 units in 2017.
Both the average price and median price increased, while days on market and cumulative days on market were lower. The number of pending listings decreased from 334 in 2016 to 254 for April of 2017. This decrease is probably a surprise to most, but the preliminary number of pending listings for May shows a 7% increase.
The months’ supply of inventory had a small uptick for April, but inventory still remains low.
Our local statistics mirror national single family home sales with declines in both existing home sales and pending listings.
Jackie Bulgin & Associates
House of Brokers Realty
1515 Chapel Hill Road
Columbia, MO 65203
Jackie Bulgin: 573-999-6528
Shannon O’Brien: 573-864-7863