2009 Recap: Illinois Home Sellers Looked for the Right Size

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Real Estate Agent with RE/MAX Preferred Partners in St.Louis' Illinois suburbs

Goshen Realty Group Illinois FlagWe've talked about the characteristics of Illinois home buyers in 2009, now let's take a brief look at what sellers reported about their transactions during the year.

According to the Illinois Association of Realtors' (IAR) 2009 Profile of Illinois Home Buyers and Sellers, recent sellers sold their homes for 95% of the listing price on average.That figure holds true in my territory in St. Louis' Illinois suburbs in Madison County.

More than half of sellers -- 58 percent -- reported they reduced the asking price for their home at least once before it sold.

Incentives played a role in nearly half of the sales in the state. Forty-five percent of sellers reported offering extras to attract buyers, including home warranties or help with the buyer's closing costs.

Before selling, the typical Illinois home seller owned his or her home for seven years. They reported to IAR that their number one reason for selling was that the home was too small.  Job relocation also was noted as a major reason for the sale. 

For more information, visit www.illinoisrealtor.org.

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I help good people buy and sell good homes in St. Louis' Illinois suburbs, with special emphasis on the Metro East communities of Edwardsville, Glen Carbon, Maryville, Collinsville, Troy and surrounding areas in Madison County, Illinois.

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For more information or to search for homes, visit my sites at NancyMilton.com618Life.com, or GoshenRealtyGroup.com or send an email to me at Nancy@GoshenRealtyGroup.com. Text or call Nancy Milton Holtzscher, your Edwardsville Realtor, at 618-791-8007 any time.

REMAX Preferred Partners is located at One 157 Center, Edwardsville, IL 62025, 618-791-8007 (direct) 618-655-1188 (office). We're easy to find on IL-157 in Edwardsville between Pasta House Co. and Shenanigans. Each office is independently owned and operated.

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