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Springfield Mo Real Estate - January 2009

By Kay Van Kampen

Real Estate Agent with RE/MAX Broker, RE/MAX 1999033519

April 05, 2009 02:46 PM

The Springfield Mo real estate market is over for 2008. Across the country, prices have dropped, foreclosures have increased and short sales have become one of the best ways to market your home.

I received an email recently from a Springfield resident requesting I continue with updates on the Springfield Residential market. (Careful of what you write about......you never know who's watching! LOL!

Rumor has it that the market is very slow, Springfield homes are not selling and the market reports are depressing. But that's for those consumers that are not willing to readjust their prices to refect today's market.

So far this year, 4,795 homes were on the market in January, 2009. 1,175 new listings were introduced to the market and 279 sold. Remember, this is only 5% (FIVE PERCENT) of what is available for sale. This is one of the lowest months I've seen in years. But, this is also January. The market will pick up soon.

*January*	*2009*	*2008*
*Number of homes currently on the market:*	4,795	5,450
*Average Active List Price:*	?	?
*New listings on the market in January:*	1,175	1,591
*New listing average list price:*	178,629	179,928
*Number of homes closing escrow (sold):*	279	340
*Average Sold Price:*	138,010	158,903
*Average Days on Market:*	77	84