Springfield, MA housing market

The story in Springfield this month is a tight, stable market that still favors sellers. The typical home is worth about three hundred fourteen thousand dollars, up around 4 percent over the past year. That kind of steady gain matters most when you notice how little is actually for sale. There are only about 143 homes on the market right now, and only about 134 new listings came on. That is a thin supply, and it keeps pressure on buyers. Homes are moving at a reasonable pace, with a median of thirty-three days on the market, so well-priced houses are not sitting long. The median list price sits at roughly three hundred nineteen thousand dollars, right in line with what homes are worth. And only about 9 percent of listings have cut their price, which tells you sellers are mostly getting the numbers they ask. If you are thinking about selling here, price it right and you should find buyers. Low inventory is working in your favor this summer.