December home inventory maintained a low number of days on the market, according to just-released figures from the Shiloh-based Realtor Association of Southwestern Illinois.
Compared to December 2020, St. Clair County home sales increased 10 percent and Madison County had a 5 percent increase.
Compared to November 2021, home sales in St. Clair County and Madison County both had a 5 percent increase. Metro-East home sales were up 14 percent from last month, while Illinois decreased 1 percent, with 14,881 homes sold in December.
St. Clair and Madison County had increases in year-to-date home sales. St. Clair County saw an 11 percent increase from this time last year. While Madison County had a 6 percent increase. Year-to-date home sales include homes sold from Jan. 1, 2021, to Dec. 31, 2021.
St. Clair County home prices were up from December 2020 with a 6 percent increase, an average price of $197,057. Madison County home prices were up 3 percent, with an average price of $183,992. Home prices in Illinois were up 7 percent, with a median home price of $244,000. Metro East home prices increased 12 percent. The average home price in the Metro East, in December, was $173,109.
“As residential sales rebound from November, home prices continue to see rapid growth,” says Karen Sheesley of RE/MAX Preferred and president of the Realtor Association of Southwestern Illinois.
Days on market
Homes sold faster in most Metro East counties in December. Homes in St. Clair County sold 16 percent faster than last year. While Madison County homes sold 14 percent faster. In the state of Illinois, the average days on market statistic was down 21 percent. The metro-east average amount of time a house stays on the market is 71 days. Which is down from 101 days in December 2020.
The Realtor Association of Southwestern Illinois has more than 1,000 members.
Here are statistics provided by MARIS: