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

Fatal Crash in Cass County

illinois state police

Astoria woman killed near Shiloh Rd

in Local

IEA President Reflects on 40 Years in Education

cinda klickna

Cinda Klickna says forming relationships with your child's teacher is important.

in Local

Despite Budget Deadlock, There Are Ways Out

il budget 2016

A couple of options would break the budget stalemate for FY 2016.

in Local

11 Sent To Hospital in SUV Rollover Near Buffalo

rollover accident

Vehicle may have been overloaded with eleven people.

in Local

Peoria Ready to Welcome Food Trucks to Downtown, Other Areas

Peoria Food Truck

The City Council voted this week to create a process for food-truck operators to apply for licenses.