Boone County Real Estate Market Statistics-April 2017

April 2017 Market StatisticsThe 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
Main: 573-446-6767
Jackie@JackieBulgin.com
Website: JackieBulgin.com

 

Boone County Real Estate Market Statistics-March 2017

March 2017 Market StatisticsThe March 2017 Sales Statistics have been posted to cbormls.com.  The number of sold single-family homes for March increased by 15% compared to last year, after a decrease in sales for the month of February of this year.  The March sales increase occurred in both the existing home and new construction home markets, both, outpacing the national average increases.  Overall, the first quarter of 2017 produced a 4% increase in sales over Q1 for 2016.

The average price and median price continued to decline as lower priced segments of the market outpace homes priced above $275,000.  The price range of $120,000 to $274,999  for March 2017 showed a 15% increase in sales compared to the same price range in 2016, while sales from homes priced at $275,000 and above had an almost 20% decline.

March produced a decline in days on market this year, dropping from 75 to 65 days, while cumulative days on market have dropped every month this year.

Pending Listings increased 4% in March of 2017 indicating the potential for increased closed single-family homes for the months of April and May.

The months’ supply of single-family homes on the market declined to just under three months at 2.95.  The supply number for March is the lowest for this time of year for a long time, if not ever.

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
Main: 573-446-6767
Jackie@JackieBulgin.com
Website: JackieBulgin.com