Lina Robertson's Blog

Below is the Springfield MO Real Estate Market Report for March 2012.  As with the surrounding communities, Springfield is showing signs of market activity increases in nearly every price range.  Looking at the 3 month comparison, home sales are nearly doubling in homes priced between $50-300K.  This is the most activity we have seen since the first-time homebuyer's tax credit, and I expect to see some very healthy numbers for April.  It's a great time to list your home as inventory is down from last Fall.

Homes for Sale in Springfield, MO:

• Total Active Listings: 1303 homes
• Under Contract:  288 pending sales
• Total Sold Listings for March:  215 sales

Springfield MO Sales Price Information

• Average Sales Price: $137,089
• Sale Price to List Price Ratio: 96.49%

Days on Market (for Sold homes)

Average Days on Market: 127 days

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Below is the Springfield MO Real Estate Market Report for November 2011. The market has slowed down in terms of number of homes sold in most price categories.  Additionally, the number of homes still on the market has decreased significantly.  Many homeowners who do not HAVE to sell are withdrawing their homes from the market because of the holidays.  The number of home sales has not declined as much as the number of homes withdrawn off the market.  This means it is a good time to sell a home.  There is less competition which means you have a greater chance of selling.

Homes for Sale in Springfield, MO:

• Total Active Listings: 1429 homes
• Under Contract:  213 pending sales
• Total Sold Listings for November:  176 sales

Springfield MO Sales Price Information

• Average Sales Price: $118,577
• Sale Price to List Price Ratio: 96.55%

Days on Market (for Sold homes)

Average Days on Market: 121 days

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Below is the Springfield MO Real Estate Market Report for September 2011. The market is consistently showing signs of improvement in every price category, with the exception of homes priced from $300-350K, and $400-450K.  The one deterring factor that is becoming glaringly obvious is the number of homes going under contract versus the number of homes actually closing.  This is due to a variety of reasons such as inability to sustain financing, home conditions failing to pass inspections, and the overall reluctance of buyers to commit.

Homes for Sale in Springfield, MO:

• Total Active Listings: 1596 homes
• Under Contract:  272 pending sales
• Total Sold Listings for September:  203 sales

Springfield MO Sales Price Information

• Average Sales Price: $134,861
• Sale Price to List Price Ratio: 96.02%

Days on Market (for Sold homes)

Average Days on Market: 121 days

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Below is the Springfield MO Real Estate Market Report for July 2011. The market really did a flip-flop this month.  Home sales from $100-150K were up this month, contrary to last month, while sales were WAY down for homes priced over $200K.  The good news is there are a lot of homes under contract priced over $200K, so we can expect to see those numbers really climb in the next 30-60 days.

Homes for Sale in Springfield, MO:

• Total Active Listings: 1657 homes
• Under Contract:  274 pending sales
• Total Sold Listings for July:  214 sales

Springfield MO Sales Price Information

• Average Sales Price: $120,154
• Sale Price to List Price Ratio: 96.44%

Days on Market (for Sold homes)

Average Days on Market: 101 days

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