Metro East housing market closed 2019 strong
Almost every county in the Metro East had more housing units sold compared to December 2018.
St. Clair County had 18.8 more units sold with 253 units in the month of December. While, Madison County had 9.8 more units sold with 269 units. According to Illinois Realtors data, 12.1 percent more homes were sold in the state of Illinois in December 2019, compared to December 2018.
The number of homes sold in December also increased from the previous months. In St. Clair County, there were 9.5 percent more homes sold. Madison County had an 8.2 percent increase over November. The number of homes sold in Illinois compared to November was up 2.4 percent.
Year-to-date home sales also increased across the Metro East. Madison County had a 2.3 percent increase, while St. Clair County had a .15 percent increase. Year-to-date home sales include homes sold from Jan. 1 to Dec. 31.
Home prices were up 7.2 percent in the State of Illinois and are up 2.2 percent for the entire Metro East, compared to December 2018. According to Illinois Realtors, prices remained in positive territory, marking eight years of continued annual gains for home prices in Illinois. St. Clair County Home prices increased over 15.7 percent, with an average price of $166,729.
“It is great to see that people were home for the holidays. The unusually warm weather we had seemed to bring out home buyers more this year than last, which is great for our area.” says Donna Baker, president of the Realtor Association of Southwestern Illinois.
Days on Market Homes sold faster in December 2019, compared to December 2018 for Macoupin County with 20.1 percent, Montgomery County with 15.1 percent, and Clinton County with .97 percent faster.