Market Data for Springfield & Surrounding Areas

# of listings currently on the market

June 2012  1,765
June 2013   1,739

# of listings Sold 

June:                        Year-to-date:

2012:  379                           1674

2013:  366                          1713

 ”I am definitely hearing from REALTORS who are busy showing property, writing and negotiating offers and negotiating repair addendums said REALTOR Don Cave, president of the Capital Area Association of REALTORS. “Consumers are realizing today’s market conditions represent an ideal time to purchase that dream home,” said Cave.

Average Days on Market (DOM)

2012:  94

2013:  99

last month avg DOM:  116

Median Sales Price

(single family homes and condos)

Yr.          2011                 2012                 2013

Jan  $109,500       $111,000           $113,000

Feb  $92,700         $106,900           $118,300

Mar  $92.000       $118,000            $93,900

Apr   $125,600     $124,600            $105,300

May   $131,000     $137,000           $115,000

June  $129,900    $142,400           $118,300

July   $135,600    $134,700

Aug   $112,000     $121,000

Sept   $113,000    $115,000

Oct    $104,000    $102,500

Nov  $106,300    $106,000

Dec  $110,000    $102,000

 

Cave says he sees the outlook for real estate in 2013 as modestly improving. “We continue to be cautiously optimistic for the outlook for the coming year. The underlying conditions are there for a strong year (e.g., balanced inventory, affordable housing stock, affordability conditions and continued consumer demand). However, a positive outlook will be dependent on a continued improving economy which could feel the impact of potential cuts in federal government spending,” said Cave.