In our business the number one question we are constantly asked is: How’s the market?
Well of course we say “It’s a great time to buy or sell, the market is hot!”
You are probably wondering though, is the market really hot? or are they just telling me that?
After looking over the Market Statistics for the Metro East for 2018 I can honestly report to you that the market is hot and here’s proof!
If you live in St. Clair County you should be a happy homeowner! St. Clair won the highest percentage of home sales Year-over-Year with a 7% increase from January 2017 to January 2018! That is huge. There were 156 units sold in Jan. 2017 and 167 sold in Jan. of this year. An even more impressive number is that there were only 135 units sold in January 2016.
The prices of homes in St. Clair also rose 16.4% compared to January of 2017. Last year the average home price was $108,589 and this year it rose to $129,651.
Along with the staggering numbers above St. Clair county also took the top of the charts with average days on the market.
Home sales have also increased in Monroe, Madison, Clinton, Randolph, & Montgomery counties.
So yes, I think it’s safe to say that the market really is hot, and NOW is the time to buy or sell in Southwestern Illinois.
Why is now a good time? To beat the crowd of course!
Spring is right around the corner and that means its time for the annual Real Estate Rush. Listing your home in the first few months of the year will give the seller the opportunity to reel in determined buyers and competitive offers.
It has also been statistically proven that homes sell for more during these early months of the year.
When you’re ready we are here. We are ready to work for you. Call us!
Columbia 618.281.HOME (4663)
Waterloo 618.939.HOME (4663)
Fairview Heights 628.277.HOME (4663)