Many areas of the country is still seeing a large number of vacant homes and deserted subdivision. Here in Missouri, Springfield Mo Real Estate has reduced home prices too. The drop is partly due to the number of foreclosures and short sales.
I am currently taking another class on "short sales". Some of the information being released is really depressing. So many Springfield homeowners are currently behind in their mortgage payments and have not placed their homes on the market......thinking they can not afford to pay the commission or know they are upside down on their balance.
Many of these homes can be saved from foreclosure. Loan modifications are available, along with selling your home as a "short sale". Read about Foreclosures and Short Sales.
The Springfield MLS does not give us the number of foreclosures and short sales that are currently on the market and selling. But I can tell you the number of short sales I'm working have increased.
Here are the current statistics for March, 2009.
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March
|
2009
|
2008
|
|
Number of homes currently on the market:
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4964
|
5646
|
|
Average Active List Price:
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196,287
|
198,181
|
|
New listings on the market in March:
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1,307
|
1,454
|
|
New listing average list price:
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175,852
|
180,224
|
|
Number of homes closing escrow (sold):
|
413
|
486
|
|
Average Sold Price:
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125,932
|
143,048
|
|
Average Days on Market:
|
84
|
78
|
|
|
|
|
MLS Statistics courtesy of Springfield MLS
Springfield Missouri Real Estate - February 2009
Springfield Missouri Real Estate - January 2009
Springfield Missouri Real Estate - December 2008
Springfield Missouri Real Estate - November 2008
Springfield Missouri Real Estate - October 2008
Springfield Missouri Real Estate - September 2008
Springfield Missouri Real Estate - July 2008
Springfield Mo Real Estate - June 2008
Springfield Missouri Real Estate - May 2008
Springfield Missouri Real Estate - April 2008
Springfield Missouri Real Estate - March 2008
I am a Certified Distressed Property Expert specializing in short sales.
I service the following towns in the Springfield area: Springfield, Ozark, Nixa, Rogersville, Republic, Clever, Billings, Willard, Battlefield, Sparta, Highlandville, Spokane, Marshfield, Ash Grove, Strafford, Fordland, and Greene, Christian and Webster Counties in Missouri.
For information on Springfield Mo real estate visit: www.kayvankampen.com.
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Kay Van Kampen | RE/MAX Solutions. Springfield Mo 65721
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Your market numbers really do not look too bad Kay. This is great news for buyers and sellers alike!