What is the average real estate price drop in Springfield area since 2005?

Asked by Steve Quiram, Marionville, MO Tue Dec 23, 2008

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Brian Sears’ answer
Brian Sears, Agent, Springfield, MA
Tue Dec 23, 2008
If you mean Springfield, MA - than the simple answer is the median price for a single family in Springfield, MA was $143,700 in 2005 and is $134,000 for 2008.

To get a better answer you really need to even drill it down to the neighborhood and really look at hat is going on within that neighborhood. Than you need to look at the active, pendings, and recent solds for that neighborhood. Some neighborhoods have way too much inventory and just aren't moving while other neighborhoods actually don't have enough inventory.

As always, all real estate is local and talk to your local real estate expert.
Web Reference:  http://www.BrianPSears.com
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Voices Member, , Benton County, OR
Tue Dec 23, 2008
Steve, You can find information on that here...http://www.bhgrealestate.com/Views/Look/Default.aspx

You can also break it down into zip codes or neighborhoods. The information is based on public records

Best to ya, Dunes
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