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April 16, 2014, 2:16 am
970 WMAY News

Springfield Home Sales Brisk in April


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.

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