Your 2017 Real Estate Market Snapshot

Central Illinois Real Estate Podcast

Today I want to give you a final recap of our 2016 numbers and let you know what's going on in our real estate market so far in 2017.

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Today I want to give you an idea of what our real estate market is doing. I’ll go over some numbers from the end of the year last year and give you an update on what’s happening now in 2017.
In 2016, the number of sales was down 1.7% compared to the year before, the average sales price was up 3.2%, and inventory was down 10%.
However, 2016 was a fantastic year for our team. Our sales were up 22.9%, which is amazing! We couldn’t have done that without your support and business. Thank you so much!
In other news, the spring market has already started. People have already started putting their homes on the market, and buyers are already out looking! That probably has something to do with the fact that our weather hasn’t been too cold, and people feel comfortable listing sooner than normal.

Nicer weather has kick-started the spring market!

We find that houses that are priced right and are move-in ready are selling right away. Buyers want a house that offers the most value and in their eyes, a move-in ready home in their price range is worth snatching off the market.

If you are looking to buy or sell a home, or if you have any questions about real estate in our area, please don’t hesitate to give me a call or send me an email. I look forward to hearing from you!