Columbia Missouri Market Statistics Part III

Part II of this post isolated July of 2007' against July of 2006'. The following information will expand a little bit and encompass the first half of 2007 vs. the first half of 2006' in Columbia, Missouri and more specifically Boone County. Like past posts the targeting of this subject will include an abundance of statistics followed by some commentary.

EXISTING HOME SALES (First half of 2007' vs. 2006')

• Volume: Down $1,931,275 or (.6%)
• Units Sold: Down 24 units or (1.3%)
• Average Price: Up $2,087 or (.6%)

NEW HOME SALES (First half of 2007' vs. 2006')

Volume: Down $23,755,300 or (20.3%)

Units Sold: Down 118 units or (20.4%)

Average Price: Up $1,116 or (.3%)

TOTAL COMBINED SEGMENTS (First half of 2007' vs. 2006')

Volume: Down $25,686,574 or (5.2%)

Units Sold: Down 142 units or (5.7%)

Average Price: Up $2,087 or (.6%)

Just as I stated in the previous post, existing home sales are at least steady and holding their own. However, just the opposite can be said of the new home market. All three areas (volume, units sold, and average price) have been hit hard. This is especially true for the amount of homes being sold (down 118) over last year. The total picture is less bleak than I originally thought, however we are still down over $25M in volume and 142 homes which is a lot for this market!

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