Peoria Area Association of Realtors

Although home sales in the Peoria area for 2022 fell sharply from the previous year, the market continues to thrive.

Home sales in the Peoria area during the third quarter fell 15.2% compared with the same period a year ago, but Peoria Area Association of Realtors president Robin Simpson says that figure is a little misleading.

Plans are starting to take shape for future development of the former Harrison and McKinley school sites on Peoria’s south side. But they’re apparently not yet ready for the public.

The Down Payment Assistance Program launched Wednesday, and now qualified homebuyers can earn assistance of $5,000 or up to 10% of their home's purchase price. The program seeks to increase access to affordable housing, funded by the American Rescue Plan Act.

Home sales in the Peoria area continue to set records for the region, topping the $1 billion mark for the first time last year as continued low inventory drives an extended seller's market.

Home sales in the Peoria area were down in the third quarter compared with last year, but the market is still ahead of its 2020 pace.

The Peoria-area real estate market continues to perform at an unprecedented pace, with properties moving faster than ever. According to the Peoria Area Association of Realtors, second-quarter home sales increased 37.5% over last year, with a record 818 closings in June alone.

With demand exceeding supply in the Peoria-area real estate market for several months, the cost of buying a new home continues to increase. But Peoria Area Association of Realtors president Jason Catton says concerns of pricing some buyers out of the market are offset by low interest rates.

The Peoria-area real estate market is off to a strong start this year, but supply continues to be an issue.First-quarter home sales were up 15% over the…

While 2020 was tough for many businesses amid the COVID-19 pandemic, Peoria's real estate market enjoyed one of its best years on record.According to the…