Columbia Home Sales Soar in July

5 years 7 months 2 weeks ago Thursday, September 05 2013 Sep 5, 2013 Thursday, September 05, 2013 11:21:00 AM CDT September 05, 2013 in News
By: Rachel Karcz, KOMU 8 Reporter
loading

COLUMBIA - Columbia has exceeded year-over-year home sales by almost a hundred single family homes. Home sales in the Federal Reserve's Eighth District have continued their increase on a year-over-year basis according to a recent Federal Reserve release.

The Federal Reserve Eighth district includes Little Rock, Memphis, St. Louis and Louisville. The numbers from June through August show a nine percent increase in St. Louis. Statistics from the Columbia Board of Realtors show Columbia has exeeded those numbers.

"Single family home sales have increased 43 percent from July 2012 to July 2013," said Board President, Jessica Kempf.

In July 2013, there were 299 single family homes sold compared to 2012 when 209 homes sold. Those numbers have continued to increase year-to-year since July 2010. 

Kempf said while home sales increase, so have home prices. The demand for homes is also much greater than the amount of homes on the market. Experts can tell how well the homes are selling by checking the absorbtion rate. The absorbtion rate shows how long it will take to sell the number of homes currently on the market. 

"Currently for July, it was 2.8 months, which means it will take 2.8 months to sell all of the active listings," said Kempf. "In a healthy market it ranges anywhere from four to six months."

With a number that low, homes are going fast. Numbers for August should be released by September 16th. 

More News

Grid
List
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson is seeking a major disaster declaration in response to severe flooding in... More >>
13 minutes ago Wednesday, April 24 2019 Apr 24, 2019 Wednesday, April 24, 2019 10:52:00 AM CDT April 24, 2019 in News
COLUMBIA – Several community members joined Columbia Police Interim Chief Geoff Jones and committee panel members Tuesday to discuss racial... More >>
15 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 7:21:00 PM CDT April 23, 2019 in News
COLUMBIA - Columbia's Building Construction Codes Commission approved reconstruction plans for the Columbia Canine Sports Center at a meeting Monday... More >>
16 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 7:00:00 PM CDT April 23, 2019 in News
COLUMBIA - The Columbia Missouri National Education Association (CMNEA) filed a lawsuit in Boone County alleging Columbia Public Schools violated... More >>
16 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:58:00 PM CDT April 23, 2019 in News
COLUMBIA - Beulah Ralph Elementary School has found its new principal. According to a news release from Columbia Public... More >>
16 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:28:00 PM CDT April 23, 2019 in News
COLUMBIA - A donation of 7.81 acres of land was given to the Columbia Parks and Recreation department by MBS... More >>
16 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 6:10:00 PM CDT April 23, 2019 in News
JEFFERSON CITY - A Missouri senator described a bill to limit prescription of opioids by dentists as "another tool we... More >>
19 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 3:40:00 PM CDT April 23, 2019 in News
KANSAS CITY (AP) — Tax preparer H&R Block says its co-founder, Henry Bloch, has died at the age of 96.... More >>
20 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 3:03:00 PM CDT April 23, 2019 in News
JEFFERSON CITY - Nathan Schelp is an 11-year-old with an unknown genetic disorder. On Tuesday, he testified in front of... More >>
20 hours ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 2:44:00 PM CDT April 23, 2019 in Top Stories
JEFFERSON CITY - A Jefferson City man facing the death penalty for the murder of his ex-lover appealed his sentence... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 9:48:00 AM CDT April 23, 2019 in News
COLUMBIA - The Mayor's Task Force on Climate Action and Adaptation Planning released its draft with top actions for addressing climate... More >>
1 day ago Tuesday, April 23 2019 Apr 23, 2019 Tuesday, April 23, 2019 9:41:00 AM CDT April 23, 2019 in News
COLUMBIA - Battle High School senior Taylor Reed is the first girl to go to college as a woman wrestler... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 11:00:00 PM CDT April 22, 2019 in News
COLUMBIA - The owner of Arch and Column Pub said if the cases before the Supreme Court fail, it will... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 10:22:00 PM CDT April 22, 2019 in News
COLUMBIA – Race Matters, Friends is celebrating the one-month anniversary of its bail fund, which covers bonds for some people... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 8:03:00 PM CDT April 22, 2019 in News
COLUMBIA - The Mayor's Task Force on Climate Action and Adaptation Planning released their draft plan Monday night at the... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 7:46:00 PM CDT April 22, 2019 in Continuous News
JEFFERSON CITY - Friends and family gathered Monday to see 87 people become United States citizens. The United States... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 6:21:00 PM CDT April 22, 2019 in News
MOBERLY - People in one Moberly neighborhood say they feel safe following someone fired a gun over the weekend. ... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 3:33:00 PM CDT April 22, 2019 in News
COLUMBIA - New census data shows, while Missouri’s population increased slightly last year compared to 2017, more than 52 counties... More >>
1 day ago Monday, April 22 2019 Apr 22, 2019 Monday, April 22, 2019 3:08:00 PM CDT April 22, 2019 in News
Columbia, MO
Broken Clouds 57°
11am 61°
12pm 63°
1pm 64°
2pm 64°