Boone County Missouri Housing Statistics for 2007

I was doing some web browsing yesterday, I do this at least 1-2 hours a day to stay up on local, regional and national market data and noticed that The Columbia Board of Realtors had the Final 2007 housing results; so in case you missed it here are some of the highlights.

• June looked to be the best month of 2007 with 288 homes sold.
• Over the past 5 years the 2nd Quarter has proved to be the best every single year
• A total of 2,110 homes were sold last year that's 202 less than 2006 and 358 less than 2005 sales.
• New construction still feels the chill of the housing slump as only 416 homes were sold in 2007 as oppossed to 580 in 2006 and 617 in 2005!
• New construction volume was $88.3M far less than the $121.9M in 2006 and $122.8M in 2005.
• Existing home volume was $284.3M in 07 very strong against 2006's $284.7M.
• The average sale for new construction was $212,308 as oppossed to $210,196 in 2006.
• The average sale for existing was $167,848 as oppossed to $164,390 in 2006.
• The "hottest" area continues to be the Southwest with 579 homes being sold in that area a trend that has continued for the past 5 years.

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