Springfield Missouri Real Estate - August 2008
Springfield Missouri Real Estate, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas.
With the number of new homes down in the Springfield Missouri Real Estate market, so too are listings. I see this as a good sign indicating the percentage of listings to sales is a little over 10%. For first time home buyers, there are still several home loans available with low interest rates. Missouri bond money is no longer limited to first time home buyers. Buyers with good credit scores are able to take advantage of these great loans and still have a large choice of homes to choose from.
The Springfield Mo Real Estate market for the month of July closed 613 homes, dropping 125 from 2007. Bank foreclosures in Springfield aren't the only great buys. Short sales are also becoming equally popular as informed sellers try to save their credit by working with realtors to sell their home wiwth competative pricing prior to foreclosure. If you are a seller in the Springfield market, remember that one out ten homes are selling every month. We have a 10 month supply right now, discarding the fact that new listings will come on the market and others will be withdrawn or expire.
2389 Springfield Missouri Real Estate agents continue to work in Springfield and surrounding areas, down from 2523 in 2007. Several real estate companies closed their doors, unable to wait out the market.
The majority of Springfield Mo homes are still being financed with conventional financing, followed up by VA and FHA. Approximately 10% paid cash. Buyers, if you plan to purchase a home in 2008, now's a great time to buy. Since the takeover of Fannie Mae and Freddie Mac, interest rates dropped 1/2 percent. In the Springfield Mo housing market, lower prices have dropped are allowing buyers to purchase homes they would not have been able to finance in 2007.
Statistics for the end of July for Springfield Mo MLS:
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July<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> |
2008 |
2007 |
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Number of homes currently on the market: |
6020 |
|
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Average Active List Price: |
199,740 |
|
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New listings on the market in July: |
1528 |
1888 |
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New listing average list price: |
180,354 |
180,961 |
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Number of homes closing escrow (sold): |
613 |
738 |
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Average Sold Price: |
143,304 |
151,274 |
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Average Days on Market: |
70 |
63 |
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
Springfield Missouri Real Estate - January 2008
* Figures courtesy of MLS of Springfield. Number of homes currently on the market and average active list price is unavailable.
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.
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