Is Now A Good Time To Sell A Home In Springfield Missouri?
Everybody wants to know how the real estate market is in Springfield MO. Is it improving and are we out of the real estate bust? Real estate is local. Let's take a look at the current market statistics.
As you can see from the chart, homes sold in Nov 2012 were 219 and Dec 2012 were 192 - a slight decrease. But Dec sales in 2011 were 182 and Dec 2012 were 192 - a slight increase. Dec vs Dec two years was up 16%.
This next chart shows available inventory in months of homes sold. Note that the number of properties available is way down for the 1 year, and 2 year comparisons. What this means is there are a lot fewer homes to choose from and less competition.
Interest rates are still at historic lows and this makes homes much more affordable for buyers. The good news is homes ARE selling and the market is improving. Is now a good time to sell a home in Springfield Missouri? You bet it is! Give us a call today and we can show you how we can get your home sold!
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