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Although home sales in the Peoria area for 2022 fell sharply from the previous year, the market continues to thrive.
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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.
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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.
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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.
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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.
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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.
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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…
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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…
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Economic concerns related to the ongoing pandemic apparently have not scared off Peoria-area home buyers.Peoria Area Association of Realtors president…
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Illinois home sales plunged last month, despite improving prices and inventory levels. The Illinois REALTORS organization reports family home and…