springfield/spall DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 6.3 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 33% VS 2023
▼ 19% VS 2023
▼ 17% VS 2023
▼ 4% VS 2023
There were 25 detached listings in Springfield/Spall in July, 17% below June and 4% lower than July 2023.
July detached home sales decreased by 43% month-over-month, to 4, and were 33% above July 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Springfield/Spall, at 6.3, reflected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$543,250 $482,500 6.3 4 25
$672,000 $580,000 8.7 3 26
-19% -17% -28% 33% -4%
$1,039,429 $928,000 4.3 7 30
-48% -48% 46% -43% -17%
The detached median price in July was $482,500, a 48% decrease from June and 17% below July 2023.
The average sold price was $543,250, 48% below last month and down 19% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
36
34
100
32
35
30
30
29
32
28
27
26
25
25
7
7
7
6
5
3
3
2
2
4
1
3
5
32
$928K
$900K
$870K
24
$833K
$816K
$735K
$673K
$659K
$585K
$580K
$505K
$500K
$483K
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
5
5.0
4
3
2
1.0
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
3 3 1.0
1 5 5.0
0 2 n/a
0 4 n/a
0 2 n/a
0 3 n/a
0 2 n/a
0 3 n/a
0 1 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 August 6, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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 ●
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