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

3 years 8 months 1 week 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

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
COLUMBIA - Residents in the Columbia area will be able to speak their minds Tuesday at a public hearing about... More >>
5 hours ago December 06, 2016 Dec 6, 2016 Tuesday, December 06 2016 Tuesday, December 06, 2016 2:35:00 AM CST in News
COLUMBIA - Two members of the Delta Upsilon fraternity, who wished to remain anonymous, told KOMU 8 News Monday night... More >>
8 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 11:33:00 PM CST in News
ST. LOUIS - Governor-elect Eric Greitens' wife Sheena was robbed at gunpoint Monday night. According to KSDK, St. Louis Police... More >>
10 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 9:49:00 PM CST in News
JEFFERSON CITY - Missouri is seeing an increase in the number of state highway fatalities, and MoDOT is worried it's... More >>
12 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 7:19:00 PM CST in News
COLUMBIA - A group of University of Missouri students exceeded everybody's expectations in gift giving this holiday season, and the... More >>
13 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 6:49:00 PM CST in News
COLUMBIA – Columbia is looking to cut down on traffic deaths and serious injuries, and is looking to join a... More >>
13 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 6:36:00 PM CST in News
COLUMBIA – The Columbia City Council voted 5-2 in opposition to an ordinance that would have revised some licensing regulations... More >>
13 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 6:10:00 PM CST in News
COLUMBIA - Engineering crews kicked off three months of work on Nifong Blvd. on Monday as part of the road's... More >>
14 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 5:49:00 PM CST in News
COLUMBIA - The fourth annual CoMoGives Campaign has some lofty goals for the 2016 holiday season, hoping to raise more... More >>
17 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 2:19:00 PM CST in News
COLUMBIA — Columbia police grew furry faces during a No Shave November fundraiser to benefit a local children's home. ... More >>
18 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:59:00 PM CST in News
COLUMBIA — A single-car crash left a Fulton woman dead on Interstate 70 near Highway 40 and the Midway Travel... More >>
18 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:53:00 PM CST in News
ST. LOUIS (AP) — A fatal shooting on Interstate 55 in south St. Louis has forced closure of all southbound... More >>
18 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:35:24 PM CST in News
ST. LOUIS (AP) — A St. Louis-area businessman and three other men will have a hearing Tuesday in federal court... More >>
18 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:24:17 PM CST in News
COLUMBIA — Columbia police officers arrested Edward Rosson Sunday night after he allegedly assaulted his girlfriend while holding a machete... More >>
19 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:01:00 PM CST in News
CLAYTON (AP) — A Missouri man is jailed on $500,000 cash bond after being accused of telling co-workers he was... More >>
19 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 12:58:25 PM CST in News
ST. LOUIS (AP) — A Missouri woman has been arrested on suspicion of drunken driving and involuntary manslaughter in a... More >>
19 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 12:32:13 PM CST in News
COLUMBIA — We are fast-approaching the end of the holiday season and that time of year when some of us... More >>
19 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 12:09:00 PM CST in News
WAYNESVILLE — Pulaski County Sheriff Ronald Long will advise detectives investigating a discovery of an adolescent's remains to close the... More >>
20 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 11:47:16 AM CST in News
Columbia, MO
Broken Clouds 32°
8am 33°
9am 35°
10am 37°
11am 39°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
8:00a
The Steve Wilkos Show
9:00a
The Steve Wilkos Show
10:00a
Jerry Springer

Tonight's Schedule

7:00p
The Voice
8:00p
This Is Us
9:00p
Chicago Fire
7:00p
The Flash
8:00p
No Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld