SHILOH — Statistics from the Realtor Association of Southwestern Illinois for October 2016 show an increase in Metro East median home prices as well as year-to-date home sales, compared to October last year.
In St. Clair County, the median home price increased 20.9 percent in October 2016 over October 2015. In that same comparison, Randolph County followed suit and reported a 36.5 percent increase in median home price. Realtors in Monroe County saw the median home price increase 2 percent in October 2016 compared to October 2015. According to the Illinois Realtors, the statewide median home prices continued to show solid gains monthly and year-to-date.
“The holidays are such a special time of year,” said Mike Gross, president of the Realtor Association of Southwestern Illinois. “If you are on the fence about fulfilling your dream of homeownership, now is a great time to dive in. Home prices are steady, yet affordable, and interest rates are still low. Homes are also selling much quicker than they have been, so take advantage of what the market offers soon.”
Home sales in St. Clair County hit an all-time high in October 2016 over the last five Octobers. Realtors in this County sold 273 homes in October 2016, which is the highest number of homes sold in October over the last five years. St. Clair County reported an 11.9 percent increase in home sales this October compared to October 2015. Additionally, Randolph County recorded an 88.9 percent increase in home sales in October 2016.
The Metro-East also saw an increase in year-to-date home sales in October as well. Realtors in St. Clair County have sold more homes this year so far than they have in the last five years. In comparison to October 2015, the year-to-date home sales increased 11.5 percent last month in that County. Following suit, Realtors in Randolph County sold 11.8 percent more homes year-to-date this October.
The housing statistics are as follows: