Illinois home sales in the second quarter of 2012 were up 23.7 percent over 2011. That's the latest in a 14-month string of sales increases in the state.
Can you say, "Housing downturn is over?" I can. I've been busier since last September than any time since before the recession, and both buyer and seller activity keeps increasing in my primary communities of Edwardsville, Glen Carbon, Maryville, Collinsville and Troy.
In Madison County as a whole, growth is slower than the statewide figures, which are driven by market activity in Chicagoland. A total of 667 homes were sold in the second quarter of the year (April - June 2012) in Madison County. That's up, but just 1.2 percent over the second quarter in 2011. The average sales price rose in a more impressive manner, up 7.6 percent to $137,078.
In the Edwardsville School District, sold listings were up by 2.4 percent in the second quarter over the same quarter in 2011, but pending listings (those that went under contract) were up a whopping 25 percent. (That means third quarter -- July - September -- should show a big increase in home sales over last year.) The average selling price for the quarter in the Edwardsville district was up 6.73 percent over the same time last year to $208,162.
If you need to buy or sell real estate anywhere in Madison County, Illinois, call or text me at 618-791-8007 to learn more or email Nancy@GoshenRealtyGroup.com.