Home sales increase.

By
Real Estate Agent with REMAX Choice

The Bloomington Normal Illinois area experienced a strong boost in existing home sales in April of 2007. 70 more existing homes were sold by REALTORS in April compared to March, an increase of 43% in one month, according to statistics from the Bloomington-Normal Association of REALTORS.

Sale of existing homes have increased 2.7% from last year's start-637 homes in 2007 compared to 620 homes in 2006. New construction sales have dropped by 5 to 23 compared to 28 in March. Overall 2007 new home sales have dropped about a third from a year ago.

Nationally, total existing home sales have dropped 2.6% in April, according to the National Association of REALTORS. Sales of new homes jumped 16.2%, but prices decreased 11.1%, according to the U.S. Department of Commerce.

The cost of new and existing homes in Bloomington-Normal increased in April. The average price was $298,880 for a new home and $147,894 average for an existing home.

Total Bloomington-Normal home sales are 3.7% lower than the first quarter of 2006; however home sales in Illinois were down 14.2% for the year, according to the Illinois Association of REALTORS.

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Rainmaker
506,295
Patricia Aulson
Realtor - Portsmouth NH Homes-Hampton NH Homes
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate

Yes things have been busier that's for sure.  This is typical for this time of year however in the seacoast areas of NH, ME & Ma that I work in.  We are all hoping the market will level off and turn around again like it was a few years ago.

 

Patricia Aulson/Lic NH/ME/MA

www.patricia4realestate.com

June 01, 2007 12:25 PM
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Rainer
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Steve Stevens

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