SBJ: 2008 Shakes Up Real Estate Market Share

Monday, March 16, 2009
2008 shakes up real estate market share
Monday, March 16, 2009
Greene County’s share of area new home construction showed a slight uptick in 2008 after a steady decline in recent years, according to a five-county study presented to the Home Builders Association of Greater Springfield on Friday.

The real estate study covers Greene, Christian, Taney, Stone and Barry counties and was conducted by St. Louis-based Zanola Co. LLC. The firm began conducting market research for the HBA last fall and has committed to updating its data every four months. 

New home construction market shares were determined based on permits issued.

Greene County’s share of new home construction in the five-county area in 2008 was up slightly at 39.6 percent from 38.9 percent in 2007, according to Zanola’s most recent research. That’s down considerably from about 61 percent in 2002. 
Christian County’s market share was 24.8 percent, also up a hair from 23 percent in 2007 and up from 18 percent in 2002. Christian County saw a rapid increase between 2002 and 2005, but its share tapered off in 2006 and 2007.
Taney County lost a major slice of market share in 2008, ending the year at about 14 percent, compared to 23.3 percent in 2007. Taney County had consistent increases from 2002 to 2006 but began losing share in 2007.
Stone County saw the greatest increase in market share with 17.6 percent in 2008, compared to 11.9 percent the year before. That’s also up from 8.9 percent in 2002.

Barry County ended the year with 4.2 percent market share, compared to 2.7 percent in 2007 and up from 1.9 percent in 2002.