Not that you needed it, but here is some more evidence of a slow market. It looks like the numbers are not as bad as a lot of places. Madison County took a big hit but they were up in Q3 2006 so it really makes the 06 to 07 numbers look bad. However, they have the strongest home appreciation. I find these figures peculiar -- the largest appreciation and largest drop in home sales. Anyone have thoughts on this disconnect? Are folks holding out for more money causing fewer sales?
Illinois Association of Realtors Quarterly Housing Survey
Single Home Sales Q3 2007
County | Q3 2005 | Q3 2006 | Q3 2007 | % Change Q3 2005-2006 | % Change Q3 2006-2007 |
St. Clair | 899 | 866 | 830 | - 3.7 % | - 4.2 % |
Monroe | 110 | 105 | 98 | - 4.5 % | - 6.7 % |
Madison | 957 | 1,005 | 909 | 5.0 % | - 9.6 % |
County | Median $ Q3 2006 | Med $ Q3 2007 | Med $ Q3 % 06-07 | Avg $ Q3 2006 | Avg $ Q3 2007 | % Change Avg Q3 2006-2007 |
St. Clair | 133,336 | 130,500 | - 2.1% | 144,491 | 145,994 | 1.0 % |
Monroe | 190,000 | 199,900 | 5.2 % | 204,700 | 204,897 | 0.1 % |
Madison | 124,000 | 125,000 | 0.8 % | 138, 923 | 143,393 | 2.5 % |
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