SHILOH — The year 2016 proved to be a great year for home sales in some Metro East counties.
Year-to-date home sales in St. Clair, Monroe, and Randolph counties recorded a record number of year-to-date home sales in 2016. In St. Clair County, 2016 year-to-date home sales reported an increase of 10.7 percent compared to 2015. Realtors in Randolph County sold 5.4 percent more homes in 2016 over 2015. Monroe County followed suit and reported a 1.4 percent increase in year-to-date home sales in 2016.
“We are excited yet not surprised by the results of 2016,” stated Mike Gross, president of the Realtor Association of Southwestern Illinois. “We are hopeful that this trend will continue into 2017.”
December 2016 was a particularly great month for Monroe and Clinton Counties. Realtors in Clinton County sold 30.8 percent more homes in December 2016 than in December 2015. In that same comparison, Monroe County reported a 41.2 percent in home sales. Monroe County also recorded an 100 percent increase in home sales in December 2016 compared to November 2016. Realtors in Clinton County recorded an 112 percent increase in home sales in December 2016 over November of last year. Looking at the same comparison, in December 2016, St. Clair County reported 7.1 percent increase in home sales.
Median home prices in the Metro-East saw increases in December 2016 over December 2015. In St. Clair County, the median home price rose 14.8 percent, and Monroe County saw a 15.1 percent increase. Clinton County recorded a 26.6 percent increase in median home price, while Randolph County reported a 15.7 percent increase compared to December 2015.
The housing statistics are as follows:
— From the Illinois Business Journal