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.
If you would like a free list of homes for sale in this area/neighborhood, would like more information about 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
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