News

Frigid Winter Forces Home Sales Down

Frigid Winter Forces Home Sales Down

Photo: Newsradio WTAX

The tough winter took its toll on the local real estate market.

Steve Myers, President of the Capital Area Association of Realtors, says home sales declined nearly 15-percent from last winter’s levels.

“Buyers were inside bundled up much like consumers on the retail side of the economy. The real estate industry followed suit” says Myers.

The median home sale price also fell by 11-percent over last year.  Davis predicts pent-up demand causing buyers and sellers to enter the market as the weather warms.

Recent Headlines

in Local

Boys and Girls Club Awarded Grant

Updated
boys girls club

Facility was close to shutting its door a few years ago

in Local

Man Arrested for Domestic Stabbing

knife

A Springfield man is in jail following a stabbing early Tuesday morning on Stevenson Dr.

in Election 2014, Local

Ill. U.S. Senate Candidates Disagree on ISIS Strategy

capitol

U.S. Sen. Dick Durbin (D-Ill.) says no to sending U.S. ground troops back to Iraq, but his Republican opponent in the Senate race says they shouldn’t have left in the first place.

in Local

2014 Crop Harvest: Great Yields, Low Prices

crops

The 2014 crop year might be best remembered as a year of great yields and short prices.

in Local

Springfield Man Sentenced to 12 Years for Hiding Gun

jail

A Springfield man has been sentenced to 12 years in prison after admitting he tried to hide a gun used in a fatal shooting.