Below is the Springfield MO Real Estate Market Report for March 2011. The market is down compared to sales for the past 3 years, except for homes priced below $50K, and above $300K. The sales trend for the past 3 months do indicate some price ranges are on the uptrend, but the most promising sign of an increase in market activity is the number of homes under contract v. the number of homes sold in the same price brackets. I see a very busy Spring ahead, and a much more promising market report for next month.
Homes for Sale in Springfield, MO:
- Total Active Listings: 1609 homes
- Under Contract: 302 pending sales
- Total Sold Listings for March: 173 sales
Springfield MO Sales Price Information
- Average Sales Price: $127,984
- Sale Price to List Price Ratio: 98.41%
Days on Market (for Sold homes)
Average Days on Market: 111 days
About the author: I am full-time REALTOR® with RE/MAX Solutions in Springfield, MO, and a member of the Greater Springfield Board of REALTORS®. I have helped hundreds of families in the Springfield, Nixa, Republic and Ozark real estate markets, whether buying a home, or selling a home. Visit my website to search for All Springfield MO Area MLS listings. Want to know what our market is like? My website is also an excellent resource for current Springfield MO Area Real Estate Market Reports, as well as current market reports for Ozark, Nixa, Republic, and Rogersville.