Columbia Home Sales Soar in July

7 years 3 weeks 2 days 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
GLASGOW - Part of our nation's pastime, can present a problem when it comes to some of the greatest players... More >>
5 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 11:30:00 PM CDT September 27, 2020 in News
MEXICO - Two mid-Missouri locals rode 200 miles to spread awareness for Multiple Sclerosis and to help Bike MS of... More >>
7 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 9:30:00 PM CDT September 27, 2020 in News
COLUMBIA - Fans mean just as much to Columbia businesses as they do to the MU football team. Philip... More >>
9 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 6:39:00 PM CDT September 27, 2020 in News
(AP) - President Donald Trump paid no federal income taxes in 10 of the past 15 years, according to a... More >>
11 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 5:02:00 PM CDT September 27, 2020 in News
OSAGE BEACH - Jefferson City Fire Department rescued three individuals stuck on a boat in Osage River Saturday afternoon. ... More >>
13 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 2:53:00 PM CDT September 27, 2020 in News
(CNN) - A federal judge plans to rule tonight on whether downloads of TikTok may be banned in the United... More >>
15 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 12:35:24 PM CDT September 27, 2020 in News
COLUMBIA - In the first game of the 2020 football season, the Missouri Tigers went up against powerhouse #2 Alabama... More >>
15 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 12:34:00 PM CDT September 27, 2020 in Sports
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
16 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 12:12:00 PM CDT September 27, 2020 in Top Stories
JEFFERSON CITY - Governor Mike Parson ordered the Missouri State Capitol dome and the Missouri Governor's Mansion to shine red... More >>
17 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 11:15:00 AM CDT September 27, 2020 in Top Stories
FERGUSON - A huge crowd of protesters packed Canfield Drive in Ferguson Saturday afternoon. It wasn't... More >>
17 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 11:04:59 AM CDT September 27, 2020 in News
(CNN) - Persistence pays. Kevin Kinard was visiting Arkansas' Crater of Diamonds State Park when he discovered a 9.07 carat... More >>
18 hours ago Sunday, September 27 2020 Sep 27, 2020 Sunday, September 27, 2020 9:49:34 AM CDT September 27, 2020 in News
COLUMBIA – Mizzou's football fans are reconciling their team spirit with a global pandemic. The Tigers met Alabama at... More >>
1 day ago Saturday, September 26 2020 Sep 26, 2020 Saturday, September 26, 2020 7:57:00 PM CDT September 26, 2020 in News
HALLSVILLE – With the 2020 election fast approaching, a few Missouri politicians tried to sell themselves, from a cell. ... More >>
1 day ago Saturday, September 26 2020 Sep 26, 2020 Saturday, September 26, 2020 4:59:00 PM CDT September 26, 2020 in News
(CNN) -- President Donald Trump on Saturday said he is nominating Amy Coney Barrett , a conservative federal appeals court... More >>
1 day ago Saturday, September 26 2020 Sep 26, 2020 Saturday, September 26, 2020 4:20:23 PM CDT September 26, 2020 in News
JEFFERSON CITY - Today marked the 20th anniversary of Jefferson City’s Oktoberfest and while there were doubts over whether or... More >>
1 day ago Saturday, September 26 2020 Sep 26, 2020 Saturday, September 26, 2020 3:09:00 PM CDT September 26, 2020 in News
COLUMBIA - Columbia Public School's Dr. Peter Stiepleman was named 2021 Superintendent of the Year by Missouri Association of School... More >>
1 day ago Saturday, September 26 2020 Sep 26, 2020 Saturday, September 26, 2020 2:06:00 PM CDT September 26, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
1 day ago Saturday, September 26 2020 Sep 26, 2020 Saturday, September 26, 2020 10:09:00 AM CDT September 26, 2020 in News
STE. GENEVIEVE - Blair Oaks' 51 regular season game win streak ended against Valle Catholic on Friday. Blair Oaks fell... More >>
2 days ago Friday, September 25 2020 Sep 25, 2020 Friday, September 25, 2020 8:47:00 PM CDT September 25, 2020 in Friday Night Fever
Columbia, MO
Broken Clouds 52°
5am 50°
6am 50°
7am 49°
8am 51°