Second quarter 2011 housing sales figures from the Greater Springfield Area Board of Realtors (GSBOR) show a mixed bag, but overall sales have held firm compared with 2010. Units sold in the first six months in the six-county area are down - 1,617 compared with 1,935 last year, and the average sold price is down slightly.
However, Tammie Tucker, president of the board, stressed that last year there was government stimulus money available. The program offered $6,500 to those who sold their home and then turned right around and purchased another home.
“We are still encouraged by the numbers, as this is all by the public being more confident to buy without the incentive of the stimulus money,” she said. “We are also seeing our clients taking advantage of not only the great prices, but the historically low interest rates.”
The Federal Reserve has pledged to keep interest rates low through 2012, which should continue to encourage home sales. In the first two months of the third quarter GSBOR figures are even more encouraging. There were 464 houses sold in July of 2011, compared with 403 the previous July, and the average price was down only slightly.
In August of this year there were 534 sales, compared with 480 the previous August. The average sale price was $123,669. In the second quarter, Greene County had 944 home sales, compared with 1,163 the previous year, but the average sold price was higher - $129,666 compared with $128,036 in 2010.
Cedar County sales, at 16, were exactly the same as the second quarter the previous year, but the average sold price was up from $98,920 to $117,118.
Christian County sales were down from 376 to 299, and the average sold price dropped $6,000 from last year’s $148,946.
Dallas County was up both in number of units sold - 36 versus 34 the previous year - and in average sold price, $79,303 versus $73,708 the previous year.
Polk County sales were down from 81 to 73, and the average sold price was down from $108,221 to $99,471.
Webster County’s number of units sold was 88, exactly the same as the second quarter of 2010, and the average sold price was virtually the same - $97,260 compared with $98,345 the previous year.