North Springfield Housing Market Data

There was an increase in total units sold in April, with 16 sold this month in North Springfield Real Estate versus 13 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2011.

Versus last year, the total number of homes available this month is lower by 38 units or 63%. The total number of active inventory this April was 22 compared to 60 in April 2011. This month's total of 22 is lower than the previous month's total supply of available inventory of 26, a decrease of 15%.

Last April, the median sale price for North Springfield Homes was $378,500. This April, the median sale price was $372,500, a decrease of 2% or $6,000 compared to last year. The current median sold price is 3% higher than in March.

In April, there was 1.4 months of supply available in North Springfield, compared to 3.3 in April 2011. That is a decrease of 59% versus a year ago.

This month there were 31 homes newly listed for sale in North Springfield compared to 28 in April 2011, an increase of 11%. There were 33 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 57% higher than last April.

In April, the average sale price in North Springfield was 99.5% of the average list price, which is 2.2% higher than at this time last year.

This month, the average number of days on market was 25, lower than the average last year, which was 41, a decrease of 39%.




Focus On: North Springfield Housing Market			April 2012
Zip Code(s): 22151
Units Sold 16	Active Inventory 22	Median Sale Price $372,500	Days On Market 25

Down -11% Vs. Year Ago	Down -63% Vs. Year Ago	Down -2% Vs. Year Ago	Down -39% Vs. Year Ago

		Units Sold There was an increase in total units sold in April, with 16 sold this month in North Springfield Real Estate versus 13 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 11% versus April 2011.
Active Inventory Versus last year, the total number of homes available this month is lower by 38 units or 63%. The total number of active inventory this April was 22 compared to 60 in April 2011. This month's total of 22 is lower than the previous month's total supply of available inventory of 26, a decrease of 15%.
		Median Sale Price Last April, the median sale price for North Springfield Homes was $378,500. This April, the median sale price was $372,500, a decrease of 2% or $6,000 compared to last year. The current median sold price is 3% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 31	Current Contracts 33	Sold Vs. List Price 99.5%	Months of Supply 1.4

Up 11% Vs. Year Ago	Up 57% Vs. Year Ago	Up 2.3% Vs. Year Ago	Down -59% Vs. Year Ago

		Months of Supply In April, there was 1.4 months of supply available in North Springfield, compared to 3.3 in April 2011. That is a decrease of 59% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 31 homes newly listed for sale in North Springfield compared to 28 in April 2011, an increase of 11%. There were 33 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 57% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in North Springfield was 99.5% of the average list price, which is 2.2% higher than at this time last year. Days on Market This month, the average number of days on market was 25, lower than the average last year, which was 41, a decrease of 39%.



North Springfield are defined as properties listed in zip code/s 22151.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.