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If you’re thinking of buying a home in Springfield, or selling the home you already own, then you need to know as much about the Springfield real estate market as you can. Here’s everything you need to know for this month.

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Prices: The average sale price of a home in Springfield in March was $398,889, about 10% higher than the average over the last 12 months.  The average sale price of a home in March of 2013 was 21% lower, so there’s an obvious pattern of increasing prices going back to at least then.

 

 

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Inventory: There are currently 84 single family homes offered for sale in Springfield.  This is a lower inventory than was seen throughout 2012 and could be contributing to the increase in prices – as supply drops, prices tend to increase.

 

 

 

 

 

 

 

If you have a home in Springfield that you’d like to sell, contact us for a free comparative market analysis! If you’re thinking of buying a home in Springfield, click here to search available homes.

For more information on Springfield, NJ:

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Comments on: "Real Estate News for Springfield, NJ" (3)

  1. […] Real Estate News for Sprinfield, NJ – 4/23/2014 […]

  2. […] Real Estate News for Sprinfield, NJ – 4/23/2014 […]

  3. […] Real Estate News for Sprinfield, NJ – 4/23/2014 […]

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