Well in case your not a number watcher I thought I would go ahead and give you some good news in the real estate market for a change. First, Boone County Missouri currently (at least as of Monday June 2nd at 8:15am) has 1,493 listings of single-family residences and condominiums. In connection with this approximately 23% of our listing base or 345 properties are currently under contract!
I periodically review this number with agents and appraisers and can say that we have slowly climbed between 1-2% per month for the past 3-4 months. Boone County Missouri also had 228 closed transactions within the last 30 days. What a turn around from a year ago? We really seem to be getting a firmer grasp on our real estate market with the movement of inventory, less desperate sellers, and more apt buyers. I know we are just kicking off the 2008' real estate season, however I am already looking forward to see what 2009 has to offer! Our local real estate agents, title companies, appraisers and yes lenders have really done well working together to educate our builders, market politicians, and community on our real estate market and what makes it "tick".
We still have 3 solid months left to buy and sell real estate, at least according to past statistics for the most opportune time to dive into the market. What will the future hold? Well based on our already "pending" sales and my conversations with other sellers and buyers I believe the best is yet to come. Only time will tell but when you get a free moment be sure to spread the word and pat yourself on the back!
Brought to you by Professional Mortgage Group, Inc.
Your Columbia Missouri Mortgage Broker
Monday, June 2, 2008
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