Springfield home prices move up 4.3%

Springfield home prices rose 4.3 percent in April compared to the same month last year, reports real estate market tracker CoreLogic, which also factored in local distressed sales.

Excluding distressed sales - which comprise short sales and real estate owned transactions - Queen City prices were up 2.5 percent from a year earlier, according to a news release.

Compared to March, Springfield home prices - including distressed sales - moved down less than 1 percent in April.

Throughout the U.S., home prices jumped 6.8 percent in April from a year earlier. The increase represented the 38th consecutive year-over-year bump on a national scale. Month-to-month prices also moved up across the nation, according to the release.

"Old fashion supply and demand, fueled by historically low mortgage rates and improving consumer finances and confidence, continue to push home prices up," said Anand Nallathambi, president and CEO of CoreLogic, in the release. "We expect continued price appreciation throughout 2015 and into next year.”

In Missouri, home prices - including distressed sales, rose 4.8 percent in April from a year earlier. Excluding distressed sales, the figure was up 4.1 percent, CoreLogic reports.[[In-content Ad]]