Springfield Missouri Real Estate - December 2008
Springfield Missouri Real Estate, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas.
It's been an interesting year for Springfield Missouri real estate. New construction homes have almost come to a complete stop, foreclosures and short sales have increased.
In the Springfield MLS, the number of Springfield houses on the market continue to drop, along with average sold prices. The number of days on the market rose from 72 in December 2007 to 84 in November 2008.
Homeowners in today's market must know that home prices have dropped. In order to sell your home in 2009, there are a few things to remember:
- Homes must be listed at Fair Market Value.
- Homes must be in tip-top condition.
- Location is more important than ever.
|
November |
2008 |
2007 |
|
Number of homes currently on the market: |
5,207 |
5799 |
|
Average Active List Price: |
? |
? |
|
New listings on the market in November: |
874 |
1,221 |
|
New listing average list price: |
173,303 |
188,788 |
|
Number of homes closing escrow (sold): |
373 |
472 |
|
Average Sold Price: |
130,268 |
150,560 |
|
Average Days on Market: |
84 |
72 |
|
|
|
|
Definition of Fair Market Value in the Springfield Housing Market means: Priced to sell at a lower price in the least amount of time. For some homeowners, less equity is a blessing, or it may mean bringing money to closing. For others, it might end up being a "short sale".
Interest rates continue to remain low. If you currently own your home and are thinking of refinancing, contact a loan officer in advance. Rates have a habit of fluctuating right now. Remember the old rule: If you have a 2% spread in your interest rate, now's a great time to save money on your mortgage payment.
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
Springfield Missouri Real Estate - January 2008
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.
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.
Comments(3)