The number of Missouri homes sold and property selling prices rose in June, according to sales data from Missouri Realtors.
In June, nearly 6,800 residential properties were sold in Missouri, a 3.5 percent increase from June 2013. The total sales volume for the state was $1.3 billion, a 10 percent gain over the previous June.
The average residential property selling price was $191,059, an increase of 12 percent over the previous year. The median residential property selling price rose 6 percent, coming in at $147,950. Additionally, the average number of days for a home to be on the market was 122 days, three days less than June 2013.
With solid home sales and healthy price appreciation, the current state of Missouri real estate shows strong trends with favorable conditions for both buyers and sellers, Realtor officials said.
The second quarter reflected a strong increase over the same period of 2013, with total sales increasing by 6 percent to more than $3.3 billion. While the numbers of homes sold during this quarter remained flat at 19,312, the number of days on market reduced by four days. During the quarter, the average and median prices were up 7 percent and 4 percent, respectively.
Homes sold in June 2014 increased 3.5 percent compared to 2013 and they sold at a faster rate.
Founded in 1936, the Missouri Realtors is the second largest trade association in the state with more than 18,000 members. As members of organized real estate, Realtors subscribe to a strict code of ethics and have access to numerous services and programs to enhance their professionalism.
Number of Mid-Missouri listings dip
June housing statistics in Jefferson City area
June 2014 / June 2013
Active listings 749 / 809
New listings 178 / 215
Units sold 120 / 123
Average sales price $148,846 / $141,620
Average days on market 97 / 94
Total units sold, year to date 529 / 594
Source: Jefferson City Area Board of Realtors Multiple Listing Service