Real estate agents last month listed $6.3 million worth of high-dollar homes in Springfield, according to Southern Missouri Regional MLS data.
For the monthly editorial series Curb Appeal, Springfield Business Journal compiled a list of single-family homes within city limits that have an asking price of $500,000 or more. Nine properties made the cut in November, compared with seven in October and eight in September.
National industry data published by Statista projects 5.25 million existing home sales this year across the United States. That would be down from 5.34 million last year and below the 2020 projection of 5.46 million.
In the Springfield area, homebuilders are developing subdivisions to meet identified housing shortages. Springfield Business Journal list research shows the 10 largest subdivisions in the area have doubled available lots in the past year. According to the SBJ research, in 2019, there were 369 available lots in the largest 10 subdivisions in the area, with 4,351 current and future lots planned. That represents an over 100% increase in available lots for new homes, compared with SBJ’s numbers from 2018.
Developers say city needs a variety of housing types to meet demand.