Metro East housing statistics on the rise

 

From Illinois Business Journal news services

SHILOH — The Realtor Association of Southwestern Illinois this week released the March 2016 housing statistics, resulting in a higher number of homes sold in St. Clair, Randolph, and Clinton Counties in March 2016 compared to February 2016.

Realtors in St. Clair County sold 9.9 percent more homes this March compared to last March. St. Clair County continued its record selling trend by selling the highest number of homes sold in March 2016 over the last five years in March. Monroe County followed suit and also sold the highest number of homes this past March over the last five years in March. Realtors in St. Clair County also sold 34.4 percent more homes in March 2016 over March 2015. In that same comparison, Clinton County reported an 108 percent increase in home sales, while Randolph County recorded a 28.6 percent increase.

“The Metro East housing market offers a great array benefits for buyers and sellers right now,” said Doug Payne, president of the Realtor Association of Southwestern Illinois. “Buyers are looking at the historically low mortgage rates and the gorgeous spring weather, while sellers are taking advantage of the steadily increasing home prices. Now is a great time to buy or sell.”

Realtors in St. Clair and Monroe Counties have both sold more homes so far this year compared to last March. These counties recorded the highest number of homes sold year-to-date in March 2016 over the last five year-to-date home sales in March. The year-to-date home sales in the Metro East followed the statewide increase in year-to-date home sales, according to Illinois Realtors. The statewide year-to-date home sales increased 1.9 percent in March 2016 compared to March 2015.

The housing statistics are as follows:

Statistics are provided by MARIS and the Illinois Realtors.