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

Changes Are Coming to Deer Hunting Rules

Fresh
IL Deer

Late-winter antlerless loses some counteis, including Sangamon

in Local

Second Thoughts about Landfill Approval

IEPA-logo

Toxic waste is an issue

in Local

$1 Billion for Road Construction

pat-quinn

First big capital bill since Illinois Jobs Now! expired

in Local

High Poverty, Lower Mortality Rate Highlight Kids Count Report

voices

The state is helping a little, Voices for Illinois Children says.

in Local

Gunman Prompts Lockdown of Rural Springfield Mobile Home Park

sangamon county sheriff

Sangamon County Sheriff's Deputies say a lockdown at the Lincoln Place Mobile Home park in unincorporated Springfield near Riverton has ended.