Springfield, OH - Local Housing Data - Summary

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Springfield, OH

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Sales of New Homes Unchanged From a Year Ago in Springfield According to Freshest Data

Posted on: Apr 06, 2014 07:41:12 AM

New home closings in the Springfield, OH market remained steady year-over-year in January, remaining relatively stable after moving north year-over-year in December from the year earlier. New home closings moved from none a year earlier to none after the figure moved from none in December 2012 to 1 in December 2013. Closings remained level at none from a year earlier after the figure moved from none in December 2012 to 1 in December 2013.

Closings of new and existing homes dropped year-over-year in January after remaning steady in December year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings decreased in January from a year earlier, but remained a drag on the market. Foreclosures and REO closings, taken together, represented 57.5% of existing closings, lower than 60.0% a year earlier. The percentage of existing home closings involving foreclosures declined to 33.6% in January from 35.4% a year earlier and REO closings moved from 24.6% of existing home closings in January 2013 to 23.9% in January 2014.

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