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

Ameren Threatens $20 Monthly Fee for No Smart Meters

Fresh
Ameren+Illinois+Utilities+logo

Ameren Illinois says customers who refuse to have an electricity meter installed will see an additional $20 monthly fee on their bills.

in Local

Pizza Delivery Driver Robbed on East Side

gun

A pizza delivery driver was uninjured when he was robbed by three assailants over the weekend.

in Local

Man Charged in Connection With Pipe Bomb; Armed Bank Robbery

Updated
BRADFORD MOSS

Bradford Moss is charged with Possession of Explosives or an Incendiary Device and Attempt Theft.

in Local

Illinois Is Not Gaining Ground on Poverty

poverty

Census says numbers are stagnant

in Local

It’s Time to Watch Out for Deer

IL Deer

November, October top months, says State Farm