It's that time of the year again! Our very own Ozark Empire Fair of Springfield, MO is in full effect! Last Friday the fairgrounds hosted Danielle Bradberry (winner of The Voice) and Riley Green to
Current Market in Springfield
Dated: June 18 2020
Views: 806
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!
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Here is a Market Snapshot of May - Single Family Homes:
| Summary Statistics | ||||||
| May-20 | May-19 | % Chg | 2020 YTD | 2019 YTD | % Chg | |
| Absorption Rate | 3.37 | 3.99 | -15.54 | 3.56 | 3.98 | -10.55 |
| Average List Price | $255,058 | $232,388 | 9.76 | $217,687 | $205,006 | 6.19 |
| Median List Price | $191,900 | $175,000 | 9.66 | $170,000 | $159,900 | 6.32 |
| Average Sale Price | $182,143 | $173,072 | 5.24 | $175,961 | $165,884 | 6.07 |
| Median Sale Price | $160,000 | $150,000 | 6.67 | $155,000 | $144,900 | 6.97 |
| Average CDOM | 69 | 263 | -73.76 | 226 | 248 | -8.87 |
| Median CDOM | 17 | 19 | -10.53 | 29 | 37 | -21.62 |
| Pending Listings | ||||||
| This Month | Year to Date | |||||
| 2020 | 2019 | % Chg | 2020 | 2019 | % Chg | |
| 0-29,999 | 23 | 41 | -43.9 | 134 | 183 | -26.8 |
| 30,000-39,999 | 23 | 19 | 21.1 | 93 | 117 | -20.5 |
| 40,000-49,999 | 29 | 27 | 7.4 | 110 | 146 | -24.7 |
| 50,000-59,999 | 32 | 40 | -20.0 | 135 | 152 | -11.2 |
| 60,000-69,999 | 40 | 50 | -20.0 | 175 | 218 | -19.7 |
| 70,000-79,999 | 46 | 53 | -13.2 | 200 | 248 | -19.4 |
| 80,000-89,999 | 63 | 65 | -3.1 | 239 | 270 | -11.5 |
| 90,000-99,999 | 51 | 50 | 2.0 | 229 | 243 | -5.8 |
| 100,000-119,999 | 109 | 101 | 7.9 | 446 | 509 | -12.4 |
| 120,000-139,999 | 178 | 189 | -5.8 | 700 | 803 | -12.8 |
| 140,000-159,999 | 171 | 150 | 14.0 | 695 | 683 | 1.8 |
| 160,000-179,999 | 169 | 121 | 39.7 | 674 | 531 | 26.9 |
| 180,000-199,999 | 118 | 96 | 22.9 | 471 | 427 | 10.3 |
| 200,000-249,999 | 198 | 189 | 4.8 | 758 | 690 | 9.9 |
| 250,000-299,999 | 158 | 114 | 38.6 | 505 | 519 | -2.7 |
| 300,000-399,999 | 140 | 112 | 25.0 | 496 | 440 | 12.7 |
| 400,000-499,999 | 57 | 30 | 90.0 | 158 | 149 | 6.0 |
| 500,000+ | 59 | 32 | 84.4 | 149 | 120 | 24.2 |
| Totals | 1664 | 1479 | 12.5 | 6367 | 6448 | -1.3 |
Looking to get a free home analysis? You can get one here - https://www.springfieldmo-homesearch.com/sell.php
Carrie Johnson
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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The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than The Crutcher Group are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers
