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Current Housing Market Statistics for Columbia, Missouri- Sept/October 2007/2008

By
Real Estate Agent with Crane and Crane Real Estate

I was visiting with one of my sellers the other day about our local market.  She had been talking to another person in her neighborhood who also has their home listed.  Her neighbor had gone into detail about a conversation they'd had with their agent.  A conversation on how in the same month in 2007, 800 houses closed and this month only 140 houses had closed in Columbia.

I said, "Ms. Seller, that information isn't correct.  Let me pull up the true stats for listings with a Columbia address and then we can talk about it.  During the same month in 2007, 125 houses closed.  This month in 2008, 95 houses sold.    That is a pretty different story!"

I'm sure there was a misunderstanding somewhere but I'm not sure it made my seller feel any better.  !

Following is the market history of listings in Columbia, Missouri.  Statistics comparing the past month and week.  We currently have 1220 active listings in the city of Columbia.

 

Municipality Statistics
For 10/19/2008 To 10/26/2008
Residential

 

As Of 10/27/2008

For 10/19/2008 To 10/26/2008

City

Active

Volume

Average
List Price

Active

Volume

Average
List Price

New

Pend

Sold

Average
Sold Price

Average
Sold DOM

Expr

With-
drawn

BOM

 

COLUMBIA

1,183

$ 265,347,830

$ 224,301

1220

$ 271,858,680

$ 222,835

34

17

17

$ 192,106

67

14

3

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

1,183

$ 265,347,830

$ 224,301

1220

$ 271,858,680

$ 222,835

34

17

17

$ 192,106

67

14

3

1

 

 

For 10/21/2007 To 10/28/2007
Residential

For 10/21/2007 To 10/28/2007

Volume

Average
List Price

New

Pend

Sold

Average
Sold Price

Average
Sold DOM

Expr

With-
drawn

BOM

 

$ 273,888,326

$ 216,341

42

21

13

$ 190,175

79

19

4

12

 

 

 

 

 

 

 

 

 

 

 

 

$ 273,888,326

$ 216,341

42

21

13

$ 190,175

79

19

4

12

 

For 9/27/2007 To 10/28/2007
Residential

For 9/27/2007 To 10/28/2007

Volume

Average
List Price

New

Pend

Sold

Average
Sold Price

Average
Sold DOM

Expr

With-
drawn

BOM

 

$ 318,680,950

$ 212,738

231

107

125

$ 189,349

64

110

25

71

 

 

 

 

 

 

 

 

 

 

 

 

$ 318,680,950

$ 212,738

231

107

125

$ 189,349

64

110

25

71

 

 

For 9/28/2008 To 10/26/2008
Residential

For 9/28/2008 To 10/26/2008

Volume

Average
List Price

New

Pend

Sold

Average
Sold Price

Average
Sold DOM

Expr

With-
drawn

BOM

 

$ 312,816,557

$ 222,804

199

71

95

$ 179,735

69

122

14

18

 

 

 

 

 

 

 

 

 

 

 

 

Comments (2)

Anonymous
Nathan

So would you say the housing market is doing pretty good compared to last year?

Nov 11, 2008 03:02 AM
#1
April Ferrao
Re/Max Boone Realty - Columbia, MO

Jennifer,

 

Good post, it's always good to show the buyers and seller the true numbers.  I've been doing a tracking of my own.  I've been tracking closed single family homes in Columbia School district only, and Pendings.  I've tracked these numbers back to 2000.  It is a very interesting read. 

 

Remember I've only tracked down to the Columbia School District partially because that is where the majority of my business is.  I'm finding the sales are down about 20% from last.  However, I don't think that the average price of the home is down, if anything it's up.  So while we are selling fewer homes they are actually selling for more money.  Let me know if you'd be interested in my stats and I can send you my spreadsheet, or even show you how I got the numbers.

 

Thanks

 

Nov 11, 2008 03:34 PM