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July 23, 2014, 6:55 am
970 WMAY News

Despite Recent Dip in Home Prices, Local Numbers Stronger Than Last Year


Home sales and prices dipped slightly in the Springfield area last month… but the numbers for the first half of the year are stronger than 2012, and are poised to go higher in the remaining months of 2013.

 

The Capital Area Association of Realtors says home sales were down 3.4% in June compared to the same month a year ago.

 

And sale prices were down more than 5%, because of the effect of sales of foreclosed properties.

 

But overall for the first half of the year, sales were two-percent higher this year compared to last… and pending sales are up 15%, a sign of more growth in the housing market in the months ahead.

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