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Market Conditions in Springfield : Real Estate Advice

  • All171
  • Local Info11
  • Home Buying50
  • Home Selling8
  • Market Conditions4

Activity 8
Wed Mar 18, 2015
Adam asked:
Percentage-wise, for year-to-date and the last 12 months.
Also, by how much (on avg)?
0 votes 0 Answers Share Flag
Wed Oct 2, 2013
Julie Chartier answered:
This home on LAMONT STREET is not currently for sale.
0 votes 5 answers Share Flag
Wed Apr 10, 2013
Christine Moran Realtor & Notary answered:
Wed Jun 8, 2011
Lori Cotter answered:
Cornelian,
In addition to focusing on the "average" days on market, I suggest that you ask an experienced agent for input on things like paint colors, floor coverings and amenities that you should consider putting into your rehab to increase your potential for a quick sell . Be sure your keep your costs at a level to be able to properly priced the home for the area. ... more
0 votes 4 answers Share Flag
Sun Apr 10, 2011
Lori Cotter answered:
FHA just raised the mortgage insurance premium and we are still working on getting lots of foreclosed properties off of the market in Springfield. These are two reasons that I think we are still in a declining price situation, however I believe we are very close to the bottom. Just a little good economic news is needed to turn this around fast. We will probably see prices stay level for several years to come starting in 2012. ... more
0 votes 16 answers Share Flag
Tue Dec 23, 2008
Brian Sears answered:
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.
... more
0 votes 2 answers Share Flag
Sat Oct 25, 2008
Susie asked:
Wed Aug 6, 2008
Matt Ingram answered:
Hi this is Matt Ingram I work with Weichert Realtors and I actually live in Kings Park and have some great market updates for you. You can email me at Mingram@weichert.com or give me a call at 571.235.3257 ... more
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