June was a pretty good month for home sales in Springfield and the surrounding area. In numbers recently released by The Capital Area Realtors, 448 homes were sold during this time.
However, 448 is actually a decrease of 5.9 percent from June of last year. Perhaps that is a little disappointing until you realize that the total number of homes sold in June 2014 was the highest for that month since 2007. This past June’s performance is the second highest since 2007, and when viewed in this context, 448 is not so bad.
CAR also reported that for the year there were 1,800 homes sold through June, which was a 1.2 percent increase year-to-date from 2014. The median home sale price for June was $129,000, which was a 6.2-percent decrease from June 2014 of $137,500. However, the year-to-date comparison reflected an increase in the median sale price from $114,000 to $116,000.
“The June 2015 median home sale price experienced its first decrease in 13 months,” CAR president Mike Buscher said. “However, when compared to prior years the June median price is actually quite good reflecting the second highest on record for any June as well as the second highest overall.”
On a national level, Jonathan Smoke, chief economist for realtor.com, reports that national data for June indicate the U.S. housing market is the healthiest since 2006.
Give me a call at 638-1360 if you have any questions about buying or selling a home this summer. I’m here to help.