News

Housing Sales Numbers Mixed

Housing Sales Numbers Mixed

Photo: Newsradio WTAX

Capital Area Realtors president Mike Buscher says November’s housing numbers are a mixed bag.

Home sales were down but the value of a house in the Springfield area was up.  Buscher says the market still shows improvement.

“The median price is going up as compared to last year.  Part of that has to do with the tightness of the inventory and supply and demand comes in to play a little bit,” says Buscher.  “Also the number of foreclosures has significantly been on the downward slide in the last few months.”

Buscher says the number of homes sold slid 16%  from a year ago but attributes much of that to the weather. The median price of a home in Springfield in November was $117,500, a 5.4% increase.

Recent Headlines

in Local

Parents Hope to Prevent Future Suicides

Fresh
Mental Health

College could not warn parents because of privacy laws

in Local

Goodbye Land of Lincoln, Hello INB for In-Person Tax Payments

Fresh
tax

Convenient for the county, says treasurer

in Local

More Ideas for DUI Offenders in Illinois

Fresh
drunk_driving

Secretary of state's advisory committee is at work

in Local

Bill for Monitoring Brain Health in Young Athletes Passes IL Senate

Brain

Son of suicidal ex-Bear helps promote bill

in Local

Thousands Attend Lincoln Funeral Reenactment

5-3-15 Lincoln Funeral

Sunday wrapped up three days full of activities to commemorate the anniversary of Lincoln's Funeral