springfield/spall DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 5.0 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2023
- VS 2023
There were 30 detached listings in Springfield/Spall in June, 11% above May and 11% higher than June 2023.
VS 2023
VS 2023
June detached home sales increased by 20% month-over-month, to 6, and were above June 2023.
THIS MONTH No. $1,056,833 $925,000 5.0 6 30
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Springfield/Spall, at 5.0, reflected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
- - - - 27
% % % % 11%
$740,700 $870,000 5.4 5 27
43% 6% -7% 20% 11%
The detached median price in June was $925,000, a 6% increase from May and no change to June 2023.
The average sold price was $1,056,833, 43% above last month and no change% to June 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
36
34
46
32
35
30
29
30
32
27
28
27
37
26
25
7
7
6
5
6
3
3
2
2
1
3
5
$925K
$900K
$870K
$833K
$816K
$735K
$673K
$659K
$585K
$580K
$505K
$500K
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
7
3.5
6
3.0
5
2.0
4
3
1.0
2
1
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
2 6 3.0
2 7 3.5
1 1 1.0
0 7 n/a
0 2 n/a
0 1 n/a
1 2 2.0
0 3 n/a
0 1 n/a
Copyright © July 8, 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 July 8, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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