PAAR

Fueled by interest rate cuts and rising consumer confidence, home sales in the Peoria market seem to be turning a corner.

Existing home sales in the Peoria market were down more than 7% through the first two quarters of 2024, but closings in July increased slightly over last year.

The Peoria Area Association of Realtors [PAAR] reports a 6.4% drop in first-quarter sales compared to a year ago, with 997 closings.

The National Association of Realtors (NAR) is rolling out a new program aimed at diversifying the real estate industry. According to the 2020 NAR Member Profile report, Black individuals made up just 6% of NAR membership, with Hispanics not far ahead at 10%; 80% of NAR’s membership in 2020 was white.

With inflation and rising costs, many people are considering the cost of living in their communities. Average monthly rent, or what it will cost to purchase a home could cause some to pack up a U-Haul and drive more than 2,000 miles to find a new, more affordable place to call home.

Home sales in the Peoria area were down more than 10-percent in the third quarter compared to a year ago. Jana Heffron is the newly installed president of…

The Peoria Area Association of Realtors reports homes sales are up 2.2% for the year at the end of the second quarter.Sales were up about half a percent…

The Peoria Area Association of Realtors says the third quarter home sales declined more than 4 percent. That was coupled with an 8.6 percent lower median…

Peoria-area home sales are on the decline in the first quarter of the year. But Peoria Public Radio’s Sean Flavin reports area realtors are expecting…