Springfield Mo 2020 Year End Market Report

By
Real Estate Agent with RE/MAX Broker, RE/MAX 1999033519

 

Goodbye 2020!  Welcome to 2021! 

For many, this past year has been a struggle.  And the real estate market was affected as well.  Interest rates continued to remain low, but inventory also remained at an all time low.  Prices continue to rise.  New home construction prices are still rising.  The home buyers are now in bidding wars to purchase a home and many homes, if priced right, new listings don’t stay on the market but a few days.

Call The Expert Team That Makes House Hunting Easy - The "KAY" Team.

 In the Southern Missouri MLS, from January 1, 2020 to December 28, 2020, 15,841 homes sold, with an average sales price of $153,991.  1885 homes are currently under contract and 2205 remain on the market.  Currently there is only 1.67 months supply of homes for sale.  On average in 2020, 1350 homes sold every month.  New subdivisions are beginning to fill up, with more coming for 2021.  Unfortunately, the first time home buyer is finding it harder to find homes.

If you, any coworkers or family are thinking of buying or selling their home this year, now is the time.  You can reach Rhonda Jones or myself any time.  Don't forget

 "We Love Referrals". 

Comments (2)

Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

We saw the same thing in our market with limited inventory, voracious buyers, and rising prices due to multiple offers bidding up sales prices.

Jan 29, 2021 07:23 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Thanks for sharing this information.  Have a great day!

Apr 11, 2021 08:38 AM