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A home in south Springfield was among residences listed on the market last year.
SBJ file photo
A home in south Springfield was among residences listed on the market last year.

Area home sales rise in 2020

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Homes sales rose in 2020 in all three counties measured by the Greater Springfield Board of Realtors.

The GSBOR's annual residential report, released this month, shows 8,230 homes sold in Greene, Christian and Webster counties last year. That's up roughly 10% from 7,509 homes sold in 2019.

Greene County was the market leader in the report, with 5,558 homes sold in 2020, a 9.3% increase from 5,087 in 2019, according to the report.

In Greene County, the average sales price moved up to $198,848 from $179,190 in 2019. The homes spent an average 29 days on the market, down from 35 days in 2019.

Christian County had the highest average sales price in 2020: $243,469 compared with $223,327 in 2019. There were 2,106 homes sold, up from 1,925, and they spent an average 36 days on the market, according to the report.

In Webster County, 566 homes sold last year, up from 497 in 2019. The average sales price increased to $181,555 from $162,583, and average days on market dropped to 39 from 52 in 2019.

GSBOR CEO Jeff Kester previously told Springfield Business Journal that historically low interest rates have led to a booming housing market locally. He said moving into 2021, more new construction is needed to keep up with demand.

“We’ve still got pent-up household creation from the Great Recession, those times the younger buyers were forming their households while living with family or renting,” he told SBJ for its Economic Outlook special publication. “We’ve got to get more of that affordable first-time buyer price point built.”

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