Jefferson City Market Update, May 3

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 217 homes sold this year.
The average sale price is $136,189
The average list price is $141,713
The average List Price to Sale Price ratio is 96%

Here is some interesting information on how these homes were financed.
199 out of 217 homes were purchased using conventional financing. (The banks are lending money!)
11 homes were purchased using cash alone.
4 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 33 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 91 days. This means it is normal to be on the market for at least 3 months.

Here is another interesting way to look at the data:
72 homes sold in 0-30 days
32 homes sold in 31-60 days
27 homes sold in 61-90 days
29 homes sold in 91-120 days
30 homes sold in 121-180 days
22 homes sold in 181-365 days
5 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.

Feel free to call Brett Baker at 573-761-3330 anytime. I love to talk Real Estate!