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April 16, 2014, 8:13 pm

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Local Home Sales Could Have Biggest Year Since 2007


Springfield-area home sales are on track for the best year since before the economic meltdown. 

 

The Capital Area Association of Realtors says nearly 3200 homes have been sold locally through October 31st of this year… a 7-percent increase over 2012.  The Association says sales are now comparable to 2009… when a first-time homebuyer incentive program inflated market activity… and this could wind up being the best year locally since 2007. 

 

Sales are up even though national average mortgage rates are almost a point higher than they were a year ago.

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