The downward trend for Illinois home sales continued last month despite an uptick in median prices. The Illinois Realtors organization reports family home and condominium sales statewide were down 5.6% in April when compared with last year.
The Peoria metropolitan area recorded 420 home sales last month. That’s a 10% decline year over year. The local median sales price dropped more than 12%.
The statewide median sales price was up two-percent, at just under $215-thousand. That’s nearly $100-thousand more than Peoria’s median home sales price. The homes that sold in April statewide took an average of 54 days to sell.
Nearly a third of Illinois counties recorded April sales gains. The Kankakee and Carbondale-Marion areas posted the strongest numbers. The Rock Island-Moline and Champaign-Urbana regions were among the worst performers.
The Illinois Realtors association anticipates more homes entering the market by summer, giving buyers more options in the summer months.
