📊 How’s the housing market in Peoria, IL? In this video, I provide a comprehensive market update comparing the stats from August 2023 to August 2024. If you’re looking to buy, sell, or invest in the Peoria area, this information is vital!
Key Insights:
🏠 New Listings: Down approximately 5% from last year.
🤝 Pending Sales: Decreased by about 9%.
✅ Closed Volume: Down roughly 7%.
📅 Days on Market: Improved from 34 days last year to just 28 days now—good news for sellers!
📈 Median Sales Price: Increased from $142,000 to $155,000—showing a positive trend!
🏘️ Inventory Levels: We have about a 12% increase in properties available, but we’re still in a seller’s market with only 1.6 months of supply.
Despite the slight shift in the market, it’s still a great time to sell in Peoria, IL! If you have more questions or need specific details about your area, don’t hesitate to reach out.
📞 Contact Rebecca Gaetz-Bishop, your trusted real estate agent in Peoria, IL, for expert guidance on your real estate journey!
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