Bloomington IL Local Real Estate Indicators for August 2012

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Real Estate Agent
http://actvra.in/GKq

Local Real Estate Information for Bloomington Normal IL



National Real Estate Data is About as Valuable as a National Weather Forecast

This is SO true. We hear doom and gloom about certain markets and freak out. But how is our local market doing? You might be surprised to hear that our market is doing very well. Take a look at where we were a year ago vs. where we are now,...

 

August 2011

  • total # of sales                         1,011
  • average list price                $191,000
  • average sold price              $182,000
  • average days on market              114

 

August 2012

  • total # of sales                         1,272
  • average list price                $189,000
  • average sold price              $180,000
  • average days on market             119

 

* This data is for existing single-family homes during the 12 months prior to the month listed. Data was provided by the Bloomington-Normal Association of Realtors. http://www.bnrealtors.com/

 

Not as bad as you thought? That's why it's SO important to get local numbers.

 

The good news for buyers?

  • prices and rates are phenomenal (just barely over 3%)
  • inventory is low (competition is fierce)

The good news for sellers? 

  • prices and rates are phenomenal (just barely over 3%)
  • inventory is low (competition is fierce)

 

It's all in how you look at it and which side you're on!

 

 

 

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Illinois McLean County Bloomington-Normal
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