New Downward Trend in Contracts for North Springfield Real Estate Market

The North Springfield market saw seven homes go under contract, and failed to break out of an emerging downward trend. The market had total home sales of six over the last 30 days, maintaining last week's pace. However, as contracts trended lower, months of inventory also continued to fall, trending downwards for eight weeks to two months. In spite of contracts trending lower, the lack of inventory indicates that North Springfield is still a definite seller's market.

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Demographic facts for North Springfield:

  • The population density is 4,718.7 people per square mile.
  • The area's cost of living index score is 142.3. (100 = national average)
  • People in this area have an average commute to work of 32 minutes.

Data reported through 1/11/2017

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