Springfield, MO

Springfield home prices grow 8%

Posted online

Home prices in the Queen City continued to rise in December, according to the latest data from real estate market tracker CoreLogic.

After an increase in November, December prices — including distressed sales that factor short sales and real-estate owned transactions — rose 8.4 percent compared from the same month in 2015, according to a news release.

Compared with November, December prices in Springfield were up 0.7 percent.

Growth in Springfield outpaced the Missouri and national averages, according to the release.

Compared with the same month a year earlier, December home prices in Missouri moved up 5.7 percent and the U.S. average increased by 7.2 percent.

"Last year ended with a bang with home prices up over 7 percent nationally, led largely by major metro areas," said Anand Nallathambi, president and CEO of CoreLogic, in the release. "We expect prices to continue to rise just under 5 percent in 2017 buoyed by lack of supply and continued high demand."

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