springfield/spall DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 8.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 100% VS 2023
▼ 11% VS 2023
▼ 1.3% VS 2023
▼ 3% VS 2023
There were 33 detached listings in Springfield/Spall in November, 15% below October and 3% lower than November 2023. November detached home sales decreased by 43% month-over-month, to 4, and were 100% above November 2023. The months of inventory for detached in Springfield/Spall, at 8.3, reflected a buyers' market. The detached median price in November was $821,500, a 0.4% decrease from October and 1.3% below November 2023. The average sold price was $737,750, 3% below last month and down 11% to November 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$737,750 $821,500 8.3 4 33
$832,500 $832,500 17.0 2 34
-11% -1.3% -51% 100% -3%
$757,357 $825,000 5.6 7 39
-3% -0.4% 48% -43% -15%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 44
71
39
36
32
34
31
31
60
30
33
53
28
28
26
25
7
7
7
5
4
2
4
1
1
1
6
5
2
$928K
$870K
$833K
$825K
$822K
$816K
$735K
$673K
$659K
$545K
$505K
$483K
$389K
Nov-23
Oct-24
Nov-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
8
8.0
6
4
1.3
2
0
N/A
<$600K
$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
MOI INVENTORY SALES
1 8 8.0
0 4 n/a
3 4 1.3
0 6 n/a
0 3 n/a
0 4 n/a
0 2 n/a
0 2 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 9, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 41 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online