Springfield home prices rise

Springfield home prices, including distressed sales, rose 3.1 percent in November compared to the same month of 2013.

Excluding distressed sales - which comprise short sales and real estate owned transactions - year-to-year prices in the Queen City moved up 6.1 percent, according to a news release from real estate market tracker CoreLogic.

In Missouri, home prices that include distressed sales rose 5 percent in November compared to the same month last year. Excluding distressed sales, prices were up 3.7 percent, according to the release.

CoreLogic data show U.S. prices, including distressed sales, increased 5.5 percent year to year, while prices that exclude distressed sales were up 5.3 percent.

"The pace of home price gains have slowed as we exit 2014, but this is probably only a temporary lull," said CoreLogic President and CEO Anand Nallathambi said in the release. "We believe that prices will be up a year from now as continued economic growth fuels buyer confidence and their willingness to purchase a home and invest in their future."