The number of homes sold increased in all but one county this month over last month, according to the Realtor Association of Southwestern Illinois.
Home sales in St. Clair and Madison Counties saw a rise of 45.5 and 15.8 percent over February. Monroe, Clinton, and Jersey Counties had a large increase from last month with 90.5, 60.0, and 53.9 percent increases. Randolph and Macoupin Counties rose 18.2 and 11.1 percent, while Montgomery County did not increase or decrease.
Compared to March 2018, home sales still saw an increase in most counties. St. Clair County increased 10.4 percent. Clinton County home sales continue to rise with a 20 percent increase over last month. Jersey, Montgomery, and Monroe sold 53.9, 35.7, and 8.1 percent higher than last month. Randolph County neither decreased nor increased.
Home prices continue to steadily increase in the larger Metro East counties. St. Clair and Madison Counties had increases of 4.3 and 4.1 percent, over March 2018. Clinton County had a similar rise in home prices with a 5.2 percent increase. Monroe and Randolph Counties home prices increased 20.6 and 14.6 percent, respectively. According to the National Association of Realtors Home Affordability Index, it is more affordable to own a home in the Midwest compared to other geographic regions.
“With the Midwest being so affordable for home buyers and the Metro East being so centrally located to so many amenities, it’s a great place to live,” said Judy Ross, president of the Realtor Association of Southwestern Illinois.
Days on market
Homes in Madison County sold faster in March 2019 than March of last year with 11.7 percent decrease in days. Jersey, Clinton, and Macoupin Counties also had a decrease in days with 34.9, 24.8, and 16.3 percent.
The Realtor Association of Southwestern Illinois can be reached at www.618realtor.com or (618) 277-1980 or Membership@myRASI.com.