Springfield-Dayton housing market by the numbers
$109,900 median list price in April, up 1.85 percent from March, down 0.9 percent from April 2011
6,903 total homes listed for sale, up 3 percent from March, down 24.6 percent from April 2011
84 average days for home on market, down 16 percent from March, down 25 percent form April 2011
135 foreclosure filings in April in Clark County, compared to 144 in March and 123 in April 2011
1 foreclosure filing in April in Champaign County, compared to 3 in March and 13 in April 2011
SOURCES: Realtor.com and RealtyTrac
SPRINGFIELD — The first reports on the local housing market in April show that some gains at the start of the year have continued.
Early estimates released Wednesday and Thursday for April — part of the busiest time of the year for home selling — show sellers listed their houses for sale in the Springfield-Dayton region for higher prices than in March. Foreclosure filings in Clark and Champaign counties also continued to slow down.
Realtor.com released Wednesday its national April data on home listings, compiled from multiple listing services across the country. That compares to monthly data released by boards of Realtors on sales activity, which will give more insight on April conditions when it’s released Tuesday.
The Springfield-Dayton region of Clark, Montgomery, Miami and Greene counties beat last month’s national averages for listing activity, according to Realtor.com.
“More people are looking at properties in Dayton and Springfield this month (April) compared to last month (March) and this year compared to last year,” said Julie Reynolds, a Realtor.com spokeswoman.
The Median list price for Springfield-Dayton was $109,900, up 1.85 percent from March and down about 1 percent from a year ago, according to the real estate website. More homes were listed than in March because of the season, for a total 6,903, but listings dropped nearly 25 percent from the same time last year.
And while the average age of housing inventory in the area dropped 11.6 percent year-over-year to 84 days, Realtor.com says the local average inventory age dropped 16 percent in April from March.
Shrinking inventory levels can help raise home prices and property values. The less time houses sit on the market for sale indicates buyer demand, Reynolds said.
Also today RealtyTrac Inc. released its monthly national foreclosure report. Filings for default notices, scheduled auctions and bank repossessions declined more than 6 percent in April from March, but was up close to 10 percent from April of last year in Clark County to 135.
There was one foreclosure filing in Champaign County in April, compared to three in March and 13 the same time a year ago.
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