Jefferson City Market Update 4/2/08_Hot off the press!

Curious to know just how the market is doing in Jefferson City? Well, here are the details, hot off the press.

*All Information is for Jefferson City. No surrounding communities are included.*

There are 433 homes on the market with prices ranging from $26,650-$1,400,000.
To date there have been 159 homes sold this year.
The average sale price is $134,392
The average list price is $140,544
The average List Price to Sale Price ratio is 96%

Here is some interesting information on how these homes were financed.
146 out of 159 homes were purchased using conventional financing. (The banks are lending money!)
8 homes were purchased using cash alone.
2 homes were purchased using FHA financing.
3 homes were purchased using VA financing.

The hottest price range in the Jefferson City market has been $120,000-$139,999 There have been 25 homes sell to date.
The slowest price range is everything above $399,999. No homes have sold yet in 2008.

Homes on average are on the market for 94 days. This means it is normal to be on the market for at least 3 months. Not a great reason to try to make a low ball offer.

Here is another interesting way to ook at the data:
49 homes sold in 0-30 days
25 homes sold in 31-60 days
19 homes sold in 61-90 days
24 homes sold in 91-120 days
20 homes sold in 121-180 days
19 homes sold in 181-365 days
3 homes sold in 366-720 days

I hope this information is usefull to you. I will continue to update this post on a monthly basis. Have a great day!