April Home Sales in Springfield was brisk, according to the Capital Area Association of Realtors. According to their president Todd Musso, April reflects the sixth straight month-over-month increase in home sales.
There were 311 homes sold in April 2012, compared to 279 sold in April of 2011. Sale prices rose 4.8 percent over a year ago, and 8.3 percent year-to-date.
Locally, on average, homes priced at less than $100,000 will take almost 5 months to sell. And homes priced more than $200,000 generally take 8 and a half months to sell.
Musso says taking the average time for the home to sell in the State of Illinois, the Capital Area stands out as a more balanced market.