Photo courtesy Shutterstock
Strategy
Springfield’s Housing Market 10 Years After the Market Collapse
We've officially passed the 10-year anniversary of the 2008 national housing collapse, but what does that mean for today’s market in Springfield?
By Jenna DeJong
Jan 2019
We have officially passed the 10-year anniversary of the 2008 national housing collapse, but what does that mean for today’s market in 417-land? We turned to the Federal Reserve Economic Data and to Miles Noennig, CEO of the Greater Springfield Board of Realtors, to give us the lowdown on then versus now. The good news? The numbers never lie and this time, they are telling us what we want to hear.
Median Sales Price of Houses Sold for the United States
Q1
2008: $233,9002018: $331,800
Q2
2008: $235,300
2018: $315,600
Q3
2008: $226,500
2018: $325,200
Q4
2008: $222,500
2018: not yet available
Median Sales Price of Houses Sold for the Midwest Region
Q1
2008: $219,200
2018: $291,200
Q2
2008: $198,500
2018: $277,600
Q3
2008: $184,700
2018: $292,100
Q4
2008: $202,500
2018: not yet available
Median Sales Price of Residential Properties in
Greene/Christian/Webster Counties
Q1
2008: $121,900
2018: $130,000
Q2
2008: $123,500
2018: $139,900
Q3
2008: $123,000
2018: $137,900
Q4
2008: $117,500
2018: $135,750
