Key Housing Market Statistics in the Metro-East Released

SHILOH, IL – The Metro-East housing market shows that home sales are still on a steady rise for 2018. 

Home Sales 

The number of homes sold in most of the Metro-East increased in October over September. Home sales in St. Clair County increased by 2.29 percent, while Clinton County saw a rise of 9.52 percent, and Randolph County home sales rose 30 percent. Macoupin County saw a leap of 52.38 percent, while, Jersey County saw a rise of 33.33 percent, and Madison County recorded a 19.08 percent. 

As for a year-to-date comparison, homes sales in Clinton, Monroe, and Jersey, increased 7.1 percent, 6.23 percent, and 5.75 percent. St. Clair, Randolph, and Madison Counties followed closely behind with increases of 4.01 percent, 3.64 percent, and 3.16 percent, compared to the year-to-date home sales from October 2017. 

REALTOR® Association of Southwestern Illinois President, Judy Ross thinks “seeing an increase during October is a good thing and hopefully we will continue to see an increase. People should not be discouraged from selling their home during the later part of the year, even though things seem hurried. That just means people are in a hurry to purchase a home as well.” 

Home Prices 

Home prices in St. Clair County held steady compared to October 2017 with a 0.31 percent increase, compared to Monroe County home prices that rose 4.67 percent. Jersey and Macoupin Counties saw a much bigger increase of 16.28 percent and 34.46 percent. 

Days On Market 

Days on market continued to decrease for some counties. Homes in Montgomery County sold 48.23 percent faster this October than last year. Other Counties who saw days on market decrease were Madison and Randolph Counties with decreases of 7.23 percent and 10.96 percent, respectively.