A Look at Springfield MO Home Sales Over The Past 4 Years

Here is a look at Springfield MO homes sales over the past 4 years.  I wanted to see how much the Springfield, Missouri, real estate market has truly declined since the last boom year of 2005.  This chart is reflective only of the total number of home sales, regardless of price, since 2005.

Overall, you can see that our market is down an average of 45% as it relates to the number of homes sold.  I wanted to see how the average sales price has fared over the past 4 years.  I was surprised to see there has been very little fluctuation in the average sales price.

While at the Greater Springfield Board of Realtors office the other day, I was speaking with the member coordinator.  I mentioned that when I obtained my real estate license in 2000, there were approximately 1,800 members of the Greater Springfield Board of Realtors.  Her response was, "I think we're back there again."  After reaching a peak of 3,200 members in 2005, the membership has once again dropped to the levels of the year 2000, which is proportionate with the number of home sales.