In a letter from a loan officer friend of mine, I was excited to learn that the current real estate housing market in Springfield, Missouri and surrounding counties for August 2006 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.
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.
I know this year has been hard to predict for the entire country, however, the market in Springfield Missouri is still great, but convincing the buyers to buy has been a struggle. I am using more websites to draw potential buyers to look and buy homes, more advertising (that seems less and less productive)and daily researching to improve myself. Is anyone having the same problem?
Kay Van Kampen is a local Realtor serving Springfield, Ozark, Nixa, Rogersville, Republic and surrounding areas in Greene, Christian and Webster Counties in Missouri. She is ready and available to help you with all your Springfield Mo real estate needs. To contact her go to www.kayvankampen.com. If you would like a free list of homes for sale in this area/neighborhood, would like more information about Springfield, Ozark, Nixa, Rogersville, Republic, Willard and surrounding areas or would like to be the first to know about hot new listings before other buyers do, then give me a call at: 417.839.4534.
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RE/MAX Solutions www.kayvankampen.com
Springfield, MO, 65721
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