Local Home Sales and Prices Up in First Quarter

Apr 20, 2017

Credit Tanya Koonce

Peoria area home sales were up slightly in the first quarter compared to last year. Jana Heffron is the president of the Peoria Area Association of Realtors. She says the mild winter weather likely helped push forward the closings on nearly one-thousand homes in the region in January, February and March.

 

“Consumer confidence is definitely improving in our area and we also have a motivation to purchase and lock in affordable prices and before rates move higher for those buyers out looking for those houses today.”

-Jana Heffron, Peoria Area Association of Realtors President

Heffron says the average home price was also up about two and half-percent. The average home sale price was nearly 137-thousand-200-dollars. The inventory of homes on the market is strong and it took an average of 93 days to sell the homes that closed in the first quarter of the year. The Association of Realtors is also offering a seminar on the ins and outs of home buying next Wednesday at the East Bluff Community Center from six to eight.