Market Intelligence Report — MO-860

Columbia, MO

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MO-09
As of the latest 2026 data
Very Weak

Median Listing

$393K
-1.1% YoY

Pending Ratio

0.06
-0.5% YoY

Active Inventory

676
+5.8% YoY

Median DOM

51 Days
+2.5% YoY

Primary Intelligence Tool — Sold Score™

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The Columbia, MO residential market currently exhibits very weak demand absorption, with a pending ratio of 0.06. This metric indicates that demand is significantly lagging available inventory, placing substantial pressure on pricing and market velocity.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

2.7%-0.2 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

219,062+0.4% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

51-31.1% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Columbia market right now.

Active listings have increased by 5.8% year-over-year, while new listings are up 4.7% over the same period, contributing to expanded inventory. Concurrently, the median listing price has declined by 1.1% year-over-year, with a more pronounced month-over-month decrease of 4.3%. The pending ratio has also seen a year-over-year decline of 0.5, reinforcing the weakening demand trends.

William King
William King
Keller Williams Realty

“Local pricing and inventory dynamics across Columbia shift block by block — happy to walk through what's actually closing.”

Historical Analysis

Market Trends

Median Price

$393K-4.3% MoM

Active Inventory

676+5.8% YoY

Days on Market

51+2.5% YoY

Sold Score™

25-0.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

25
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.06, inventory is accumulating, and the pace of transactions is exceptionally slow. This environment suggests that properties are remaining on the market longer, increasing negotiating leverage for demand-side participants and necessitating greater price discipline from supply-side participants to secure transactions.

Luxury Segment

The average listing price increased by 2.2% year-over-year, while the median listing price declined by 1.1% year-over-year. This divergence suggests potential softness in the higher-price tiers, with median $/sqft also decreasing by 2.9% over the past year.

Supply Dynamics

676 active listings represent the current floor, with new supply arriving at roughly 266 per month.

Pricing Pressure
23.9%

of active listings carry a price reduction, +2.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.9% year-over-year.

Absorption
0.06

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Columbia, MO? Buyer Demand Index is running at 6%.

Buyers have leverage in Columbia, MO. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
6%
Median Days on Market
51 days
Inventory YoY
+6%

In a buyer's market, strategy beats timing. See how your home scores in Columbia, MO and what moves the number.

See my Sold Score & selling strategy →

Talk to a listing expert who is actively selling in Columbia, MO.

William King →

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Columbia, MO
CBSA Code
17860
State
MO

ZIPs in Columbia, MO

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