New data shows certain Boone County homes are in high demand

7 months 4 weeks 15 hours ago October 24, 2016 Oct 24, 2016 Monday, October 24 2016 Monday, October 24, 2016 12:56:00 PM CDT in News
By: Shelly Hagan, KOMU 8 Reporter
loading

COLUMBIA — If you live in Boone County and are looking to buy a home, you have to move fast.

That's because homes in Boone County are on the market for a shorter time this year, according to data from the Columbia Board of REALTORS.

This August, a single family home in Boone County was on the market for an average of 40 days compared to the 55 day average in August 2015.

According to Realtor Sean Moore with Remax Boone Realty, there's a certain type of home that sells within weeks.
 
"This year, if you had a three bedroom, two bath, two car garage, newer slab home, 1,500 to 2,000 square foot, and you priced it right, it sold in days or weeks," Moore said.
 
He said the issue for the market is low inventory in the area, so new buyers have a harder time finding their perfect home. 
 
"Introducing a new buyer into the marketplace was tough this year because if they didn't find what they liked quickly they would renew their lease and continue as a renter," Moore said.
 
According to Jim Meyer, a real estate broker in Columbia, home sales have been better than previous years but have been held down by the supply of homes on the market.
 
"Boone County is one of the two fastest growing counties in Missouri so there isn't quite enough new construction and I think people are holding on to their houses longer before they move up to their second house or holding on to their second house longer before moving up to the third house," Meyer said. 
 
Meyer said he believes this is because of the flat rate of home appreciation during the years 2008 to 2013.  
 
Despite low inventory, home sales in Boone County have increased year-to-date.  According to the Columbia Board of REALTORS report, 197 single-family homes were sold this August versus 185 homes in August 2015.  
 
You can find the latest home sales data for each month on the Columbia Board of REALTORS website.

More News

Grid
List
JEFFERSON CITY (AP) — Missouri Republican Gov. Eric Greitens said he prefers a ramped-up House version of a bill to... More >>
10 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 7:04:56 PM CDT in News
COLUMBIA – Some Missouri citizens will be affected by a change coming to the Missouri Rx program. On July... More >>
10 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 6:59:00 PM CDT in News
COLUMBIA – Members from Crockett Enginerring Consultants and neighhbors from the Villas at Vintage Falls learned that one rezoning plan... More >>
10 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 6:42:00 PM CDT in News
JEFFERSON CITY (AP) — A Missouri circuit judge said Republican Secretary of State Jay Ashcroft's office wrote a confusing and... More >>
11 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 5:54:06 PM CDT in News
KANSAS CITY (AP) — A former Kansas City physician was sentenced to one year and three months in federal prison... More >>
12 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 5:18:30 PM CDT in News
COLUMBIA - The University of Missouri has announced a housing program that would allow guests to rent out rooms in... More >>
12 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 4:55:00 PM CDT in News
COLUMBIA - Southern Boone School District leaders are trying to crack down on outstanding lunch debts. The school board will... More >>
14 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 3:14:00 PM CDT in News
COLUMBIA – MU curators are concerned about finances for plant facility growth. The UM Board of Curators met on... More >>
14 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 3:02:00 PM CDT in News
COLUMBIA - Crisis training for emergency dispatchers began Thursday at the Boone County Sheriff's Department. The training was focused... More >>
14 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 2:50:00 PM CDT in News
COLUMBIA - A heavy police presence on Thursday afternoon in the 200 block of Apple Tree Court has been called... More >>
14 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 2:47:00 PM CDT in News
NIXA (AP) — After years of delays, construction has begun on what will be the largest solar farm in Missouri.... More >>
15 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 2:25:32 PM CDT in News
BOONVILLE – From the color, to the size, to the personality, everything is right about Jake. The supervisor at... More >>
15 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 1:59:58 PM CDT in News
TROY (AP) — A former easte rn Missouri elementary school principal has been sentenced to 15 years in prison for... More >>
15 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 1:46:13 PM CDT in News
ST. LOUIS (AP) — Friendly fire is blamed in the injury to a St. Louis police officer. Officers were... More >>
16 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 1:13:39 PM CDT in News
ST. LOUIS (AP) — Authorities say one man has been killed and another wounded in a St. Louis shooting. ... More >>
16 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 1:09:00 PM CDT in News
KANSAS CITY (AP) — Authorities say a postal employee from Kansas City has pleaded guilty to stealing mail. The... More >>
16 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 1:07:40 PM CDT in News
NETTLETON (AP) — A new MFA Inc. grain-handling facility has opened in northwest Missouri, ending a five-year effort to find... More >>
16 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 12:37:00 PM CDT in News
KANSAS CITY (AP) — A Kansas City man is charged with giving a 7-year-old a pack of gum to pose... More >>
17 hours ago June 22, 2017 Jun 22, 2017 Thursday, June 22 2017 Thursday, June 22, 2017 11:42:00 AM CDT in News
Columbia, MO
Broken Clouds 74°
6am 73°
7am 72°
8am 72°
9am 73°

Select a station to view its upcoming schedule:

Coming Up Next

5:00a
KOMU 8 News Today
6:00a
KOMU 8 News Today
7:00a
Today
5:30a
Paid Program
6:00a
King of the Hill
6:30a
King of the Hill

Tonight's Schedule

7:00p
America's Got Talent
9:00p
Dateline NBC
7:00p
The Originals
8:00p
Riverdale
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld