Glen Carbon IL Real Estate Market Update: Prices Up, Inventory Down

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Real Estate Agent with RE/MAX Alliance in St.Louis' Illinois suburbs 475.122155

Glen Carbon bridge real estate and homes for saleHere's a quick look at what's going on right now in the Glen Carbon, IL real estate market.

In July 2012, the average Glen Carbon house sold for $218,798, an increase of 4.02 percent over July 2011.  The list-to-sell ratio in Glen Carbon (the measure of how much a property sold for versus its current list price) was pretty flat at 95 percent. 

The number of new listings that came on the market in July -- 16 -- is down 30 percent from July 2011, and the number of all active listings is down 21 percent.  So, that's good news for sellers because Glen Carbon buyers have less choice right now, making your house more attractive. As a buyer, you have fewer properties from which to choose, so there's the flip side.

Another measure of the more robust real estate market -- the number of days a property is staying on the market in Glen Carbon is down by 42 percent from 184 days in July 2011 to just 106 days in July 2012.

In short: prices up, inventory down, days on market down.

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Nancy Milton Holtzscher

Edwardsville/Glen Carbon, Illinois Broker, REALTOR
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