Springfield home prices rise in September

Springfield home prices were up across the board in September, according to real estate market tracker CoreLogic.

Including distressed sales - which comprise short sales and real estate owned transactions - Queen City prices rose 2.8 percent compared to the same month in 2013. Month-to-month prices increased 0.7 percent from August, according to a news release.

Springfield home prices, when excluding distressed sales, jumped 5.1 percent year-to-year and 1 percent month-to-month.

The U.S. average, including distressed sales, increased by 5.6 percent in September compared to a year earlier but ticked down a tenth of a point from August. Excluding distressed sales, national prices rose 5.2 percent year-to-year and 0.1 percent month-to-month, according to the release.

"Home prices continue to rise compared with this time last year, but the rate of growth is clearly slowing as we exit 2014," CoreLogic President and CEO Anand Nallathambi said in the release. "With more positive macroeconomic trends emerging in the U.S., we are forecasting moderate price growth for 2015."

In Greene County, agents sold 312 homes in September, down slightly from 365 in September 2013, according to the Greater Springfield Board of Realtors data. The county’s average sale price was $148,635 in September, down from $163,060 in August, according to Springfield Business Journal archives.[[In-content Ad]]