SPRINGFIELD REAL ESTATE MARKET UPDATE: TIGHT INVENTORY, QUICK SALES, RISING PRICES!

Sellers are starting to realize that their houses will sell quickly if they just price it correctly. There are still a few straggler houses that have been on the market for a long time, and are over-priced. Generally speaking, though, houses are being priced properly for the current market and they are selling very quickly. Over one third of all the houses on the market (according to Garden State MLS) are already Under Contract. 11 more have sold in the past 2 weeks, bringing the total for the month of June up to 20!

445 Morris Ave #6A – Condo Apt. - 1 Bed/1 Bath - $111,000 (originally listed at $119,000; on market for 14 days)

220 Hillside Ave. - Ranch - 2 Bed/1 Bath - $283,000 (originally listed at $299,999; on the market for 7 days)

213 Hillside Ave. - Ranch - 3 Bed/2.5 Bath - $305,000 (originally listed at $369,000; on the market for 366 days)

22 Caldwell Pl/ - 2 family – 6 Bed/3 Bath - $345,000 (originally listed at $345,000; on the market for 14 days)

395 Meisel Ave. - Ranch - 3 Bed/2 Bath - $359,000 (originally listed at $359,000; on the market for 29 days)

17 Laurel Dr. – Ranch – 3 Bed/2 Bath - $350,000 (originally listed at $369,000; on the market for 200 days)

1102 Park Place – Townhouse – 2 Bed/3.5 Bath - $395,000 (originally listed at $415,000; on the market for 128 days)

257 Short Hills Ave. – Colonial – 5 Bed/3 Bath - $410,000 (originally listed at $419,900; on the market for 41 days)

54 Fieldstone Dr. – Colonial – 4 Bed/2.5 Bath - $700,000 (originally listed at $724,000; on the market for 55 days)

805A Mountain Ave. - Condo Apt - 1 Bed/1 Bath - $143,000 (originally listed at $159,900; on market for 222 days)

2 Perry Pl. - Colonial - 3 Bed/2 Bath - $195,000 (originally listed at $199,900; on the market for 70 days)

89B Troy Dr, 11B - Condo Apt - 2 Bed/1 Bath - $202,500 (originally listed at $210,000; on the market for 20 days)

205 Hawthorne Ave. - Split Level - 3 Bed/1.5 Bath - $330,000 (originally listed at $379,000; on the market for 107 days)

69 Washington Ave. - Cape Cod - 3 Bed/2 Bath - $350,000 (originally listed at $359,999; on the market for 13 days)

C608 Park Place - Townhouse - 2 Bed/2.5 Bath - $365,000 (originally listed at $379,000; on the market for 28 days)

57 Park La. - Colonial - 4 Bed/2.5 Bath - $409,000 (originally listed at $459,000; on the market for 209 days)

12 Layng Terrace - Split Level - 3 Bed/2.5 Bath - $405,000 (originally listed at $439,900; on the market for 93 days)

13 Cottler Ave. - Split Level - 3 Bed/1.5 Bath - $402,000 (originally listed at $429,000; on the market for 78 days)

55 Briar Hills Circle - Split Level – 3 Bed/2 Bath - $459,000 (originally listed at $459,000; on the market for 14 days)