Residential Sales Trends

In a letter from a loan officer friend of mine, I am excited to learn that the current real estate housing market in Springfield, Missouri and surrounding counties is still pretty steady when compared to August 2005. The growth in the "average sales price" of houses has slowed. The number of houses sold in our area is still steady or slightly increasing, and the average sales price is still increasing, just not at the rates we have seen over the last 3 years. This is good news to us, as there are markets in the U.S. that have seen their number of sales as well as “average sales prices” decline over last years numbers.

According to the Greater Springfield Board of Realtors, the majority of our current listings (53%) are still in the very strong market of $120,000 to $300,000. However, there is a 10% increase in inventory on houses listed above $300,000. Homes under $120,000 only include (33%) of the market. These homes usually do not remain on the market long.

With this in mind, it's my opinion there is no reason why buyers should not be purchasing a home right now. Interest rates are stable, inventory is ample and our area is one of the best areas to live in. See Springfield Missouri real estate current homes for sale at: kayvankampen.com.

Happy House Hunting!