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July 25, 2014, 5:35 am
970 WMAY News

Winter Takes Toll On Springfield Housing Market


Brutal winter weather in January is getting much of the blame for a decline in local home sales and local prices. 

 

The Capital Area Association of Realtors says home sales were down six-percent in January, compared to the same month a year earlier.  The realtors’ group says snow and bitter cold kept many buyers indoors instead of looking at homes. 

 

And that shrinking demand… plus the effect of foreclosure sales… sent median home sale prices plunging 26-percent in January, down to an eight-year-low.

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