Current Market in Springfield

Dated: 06/18/2020

Views: 45

The real estate market right now is extremely rare making this the perfect market for both buyers and sellers. 

Sellers are listing their homes and seeing:

  • Multiple offer situations
  • Homes selling quickly

Buyers are seeing:

  • Record low interest rates
  • Homes being listed that haven't been listed in a long time

With the current market situation, both buyers and sellers are getting amazing deals!

--

Here is a Market Snapshot of May - Single Family Homes:

Summary Statistics
May-20May-19% Chg2020 YTD2019 YTD% Chg
Absorption Rate3.373.99-15.543.563.98-10.55
Average List Price$255,058$232,3889.76$217,687$205,0066.19
Median List Price$191,900$175,0009.66$170,000$159,9006.32
Average Sale Price$182,143$173,0725.24$175,961$165,8846.07
Median Sale Price$160,000$150,0006.67$155,000$144,9006.97
Average CDOM69263-73.76226248-8.87
Median CDOM1719-10.532937-21.62

Pending Listings
This MonthYear to Date
20202019% Chg20202019% Chg
0-29,9992341-43.9134183-26.8
30,000-39,999231921.193117-20.5
40,000-49,99929277.4110146-24.7
50,000-59,9993240-20.0135152-11.2
60,000-69,9994050-20.0175218-19.7
70,000-79,9994653-13.2200248-19.4
80,000-89,9996365-3.1239270-11.5
90,000-99,99951502.0229243-5.8
100,000-119,9991091017.9446509-12.4
120,000-139,999178189-5.8700803-12.8
140,000-159,99917115014.06956831.8
160,000-179,99916912139.767453126.9
180,000-199,9991189622.947142710.3
200,000-249,9991981894.87586909.9
250,000-299,99915811438.6505519-2.7
300,000-399,99914011225.049644012.7
400,000-499,999573090.01581496.0
500,000+593284.414912024.2
Totals1664147912.563676448-1.3

Looking to get a free home analysis? You can get one here - https://www.springfieldmo-homesearch.com/sell.php

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Courtney Koehn

I am here to help you with any and all questions you may have about Real Estate! Here at The Crutcher Group, we have over 30 years of combined experience! Our team works hard for you 24/7. We want to....

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