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Realtors see decreased days on market in Metro East

 

SHILOH — The latest figures from the Realtor Association of Southwestern Illinois shows an increase in home sales and a dramatic decrease in the days on market compared to the same time last year.

According to the Illinois Realtors, the average days on market for a home in St. Clair County decreased 74 percent in August 2016 compared to August 2015. The Illinois Realtors also reported a 56 percent decrease in the average days on market for Monroe County and a 21.5 percent decrease in Randolph County. Additionally, Realtors in Clinton County sold homes in 88 percent less time in August 2016 than in August 2015.

St. Clair and Monroe Counties both reported an increase in home sales compared to August 2015. Realtors in St. Clair County sold 14.9 percent more homes, while Monroe County recorded a 30.8 percent increase in home sales. In a month-over-month comparison, Realtors in St. Clair, Monroe, and Randolph counties all reported an increase in home sales in August 2016 over July 2016. In that same comparison, St. Clair County recorded a 10.5 percent increase in home sales in August, while Monroe County recorded a 2 percent increase. Realtors in Randolph County sold 15.4 percent more homes in August 2016 over July 2016.

The Metro East also saw an increase in year-to-date home sales and median home prices. St. Clair County recorded a 7.3 percent increase in year-to-date home sales compared to August 2015. Randolph County recorded an 11.7 percent increase in year-to-date home sales. In Monroe County, the median home price rose 3.7 percent in August 2016 compared to August of last year.

The housing statistics are as follows:

rasiaugust2016

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