When we are out and about we usually get the same question... "So how's the real estate market in Springfield MO?" Since a picture, or in this case a graph is much easier to understand, here is a graph of the total number of homes sold by month for the past three years.
Note that the red line is 2010 where the government artificially boosted the market from March to June with the homebuyer tax credits. As always happens when the government doesn't let the free market work, the results don't work out well. When the tax credit ended the rest of the year sales tanked since all they did was pull demand forward.
2011 sales, the green line, were up and down. Total units sold were 2,719 in 2009, 2,527 in 2010, and 2,412 in 2011 so the market isn't showing growth yet.
The 2012 real estate market in Springfield is still a question mark. Our phone calls and internet traffic has been busier this December than last so hopefully that signals a better year this year. High unemployment, poor economy in Europe, and OWS protesters could throw a damper on things so we'll see what happens. Another wild card is the upcoming presidential elections. No matter which side you are on this is considered the most important election of our lifetimes.
Even with the ups and downs, homes are still selling! If you want to sell your home in Springfield MO, just give us a call!
About The Authors: Betty Knowles is a full-time REALTOR® with Southwest Missouri Realty in Springfield, MO She also served as President of Women’s Council Of REALTORS® in Southwest Missouri. Betty’s genuine passion is helping people buy and sell homes in Springfield, Ozark, Nixa, and surrounding communities.
John Knowles is likewise a REALTOR® with Southwest Missouri Realty and a member of the Greater Springfield Board of REALTORS®. John is also a FAA part 107 certified drone pilot to get those amazing shots and videos of our properties!
Together this dynamic team makes up TeamKnowles REALTORS®, Spouses Selling Houses! They are dedicated to doing what it takes to sell your home in the greater Springfield real estate market, or help you purchase a home that fits your particular needs. Give TeamKnowles a call today; you’ll be glad you did!
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