The importance of pricing your home to sell in the Springfield Mo Real Estate market is more important today than ever. Bank owned properties have increased, new construction is down. There are still many great buys on the market now.
Here is the figures for the first 6 months of 2008 for Springfield and surrounding areas.
Jan
Feb
March
April
May
June
Homes currently on the market
5450
5469
5645
5821
6043
6085
Average Active List Price
192,223
195,598
198,181
199,016
199,519
200,797
New listing on the market
1581
1233
1454
1740
1627
1657
New Listing Average List Price
179,928
181,876
180,224
185,367
182,841
185,848
Number of Homes Closing Escrow
340
430
486
546
690
619
Average Sold Price
158903
144609
143048
135,937
141301
139,460
Average Days on Market
78
77
78
76
73
71
Is this normal for our market? Here's statistics for the first 6 months of 2007.
Jan
Feb
March
April
May
June
New listing on the market
1208
1341
1748
1766
1895
1781
New Listing Average List Price
188,657
189,323
183,039
179,924
183,521
192,467
Number of Homes Closing Escrow
410
467
635
701
785
781
Average Sold Price
163,270
153,970
143,401
139,423
147,862
150,784
Average Days on Market
84
74
74
71
66
60
These figures reflect the number of new listings have dropped since 2007, however, the number of sales have dropped. In addition, the number of days on the market have increased.
Thinking of selling your home? I'd be happy to discuss what it takes to sell a home in the Springfield market today. Thinking of buying? Take advantage of low interest rates and great homes to choose from.
Kay Van Kampen is a local Realtor serving Springfield, Ozark, Nixa, Rogersville, Republic and surrounding areas in Missouri. She is ready and available to help you with all your Springfield Mo real estate needs. To contact her go to www.kayvankampen.com . Springfield, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas or would like to be the first to know about hot new listings before other buyers do, then give me a call at: 417.839.4534.
Statistics courtesy of Springfield MLS
2 Comments on Springfield Mo Real Estate - First Half - 2008
Kay Van Kampen, Broker, Springfield Missouri Real Estate
Springfield, MO
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Office Phone: (417) 581-7888
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