Missouri Home Prices Inch Up, Helping Owners Re-Gain Equity

3 years 9 months 4 weeks ago March 26, 2013 Mar 26, 2013 Tuesday, March 26 2013 Tuesday, March 26, 2013 6:50:00 PM CDT in News
By: Nick Thompson
Embed Code Copied

COLUMBIA - A Tuesday report shows the trajectory of U.S. home prices has been on a significant rise, and many Missouri sellers have not missed out on the increases in prices.

The latest Case-Schiller Index shows the largest year over year increase since 2006, from January 2012 to January 2013. The index is a widely-followed housing indicator and the data comes from the nation's 20 largest metropolitan areas. The index jumped 8.1 percent from January 2012.

Statewide, the median home price increased by 5.5 percent in the same period. Homes also spent an average of ten fewer days on the market.

Jefferson City Realtor Bunnie Cotton said it is a good time for buyers to enter the market.

"When you purchase it you know its going to be appreciating instead of it staying at a plateau or depreciating," Cotton said.

However, Cotton said she does not expect to see a rapid increase in prices in Jefferson City.

"We have always seen an appreciation, but it's always been a conservative one, it hasn't been drastic," Cotton said. "I don't think that's going to change."

According to Jefferson City Board of REALTORS data, the year-to-date median home sale price in the area is $129,500, up from $124,000 in 2012.

Data from the Columbia Board of REALTORS indicate prices have only inched forward in Boone County. The median price has only increased by $350 in the year-to-date while the average year-to-date price has decreased.

However, in Columbia the number of sales has increased. Realtors sold 187 homes in January and February of this year, compared to 152 homes in those months this year. A recent national report shows that home sales decreased by 4.6 percent in February 2013 from their January totals. Economists blame poor weather for the drop in sales. 

 

 

 

More News

Grid
List
KANSAS CITY (AP) — Royals pitcher Yordano Ventura, whose electric arm helped his team win the 2015 World Series title,... More >>
1 hour ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 2:36:00 PM CST in News
COLUMBIA - Two people were arrested Friday in connection with a terroristic threat, according to an email from Columbia police.... More >>
2 hours ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 2:08:00 PM CST in News
COLUMBIA - Columbia Police officers responded to shots fired early Sunday morning in Columbia, according to a news release. ... More >>
3 hours ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 1:26:00 PM CST in News
ST. LOUIS (AP) — St. Louis police say a 20-year-old man is charged in an attack on a 12-year-old girl... More >>
3 hours ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 12:51:01 PM CST in News
JASPER (AP) — A southwestern Missouri man is taking recycling to the extreme by building a house made from everything... More >>
5 hours ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 11:03:00 AM CST in News
COLUMBIA (AP) — A University of Missouri professor hopes his invention of a new mug that maintains the coffee's temperature... More >>
5 hours ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 10:56:06 AM CST in News
JEFFERSON CITY (AP) — Missouri's new governor, Eric Greitens, is pushing to give the state the country's toughest penalties for... More >>
7 hours ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 9:28:00 AM CST in News
COLUMBIA - The Choral Arts Alliance of Missouri (CAAM) raised more than $1,500 Saturday night for the after-school program, Granny's... More >>
18 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 10:15:00 PM CST in News
KANSAS CITY (AP) — Thousands of protesters, mostly women, gathered in Missouri's two biggest cities and Kansas' capital city in... More >>
20 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 7:44:00 PM CST in News
KANSAS CITY (AP) — A central Missouri technical college plans to ask the U.S. Supreme Court to reinstate the school's... More >>
20 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 7:37:52 PM CST in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens is making a school choice measure called education savings accounts a priority... More >>
21 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 7:32:26 PM CST in News
COLUMBIA — The Mid-Missouri Solidarity March was organized by area organization to support the Women’s March on Washington, D.C. on... More >>
22 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 6:00:00 PM CST in News
COLUMBIA — Counselors helped Columbia residents sign up for health care insurance Saturday, amid rising concern over the repeal of... More >>
23 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 5:02:00 PM CST in News
COLUMBIA — Stephens College hosted its first "Fallopian Fest" Saturday. Stephens College student and one of the directors of... More >>
1 day ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 3:54:00 PM CST in News
COLUMBIA — "The Mindfulness-Based Eating Solution" author, Dr. Lynn Rossy, spoke at the Boone County Historical Museum Saturday. The... More >>
1 day ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:51:00 AM CST in News
BOONVILLE — Several Missouri National Guard Specialists are preparing to leave for their final segment of training before departing for... More >>
1 day ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:39:00 AM CST in News
KANSAS CITY (AP) — Prosecutors have charged a man in connection with a shooting death last summer in Kansas City,... More >>
1 day ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:19:00 AM CST in News
ST. LOUIS (AP) — Police and court records said a man accused of fatally shooting a St. Louis apartment complex's... More >>
1 day ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:16:04 AM CST in News
Columbia, MO
Broken Clouds 45°
5pm 44°
6pm 43°
7pm 42°
8pm 41°

Select a station to view its upcoming schedule:

Coming Up Next

3:00p
Figure Skating
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
3:30p
Star Trek: The Motion Picture
6:00p
Beverly Hills Ninja
8:00p
Marvel's Agents of S.H.I.E.L.D.

Tonight's Schedule

6:00p
Dateline NBC
7:30p
Ted
6:00p
Beverly Hills Ninja
8:00p
Marvel's Agents of S.H.I.E.L.D.
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld