Peoria real estate

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

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.

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.

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…

Economic concerns related to the ongoing pandemic apparently have not scared off Peoria-area home buyers.Peoria Area Association of Realtors president…

Illinois home sales plunged last month, despite improving prices and inventory levels. The Illinois REALTORS organization reports family home and…