Key Housing Market Statistics in the Metro-East Released

SHILOH, IL – The holiday season was busy and so was the housing market in the Metro-East.

Home Sales

Year-to-Date home sales increased over much of the Metro-East with December closing out the year. Monroe county homes sales took the lead with a 4.79 percent increase. While, Randolph, Clinton, Jersey, St. Clair and Madison counties rose 4.79 percent, 3.73 percent, 3.05 percent,

2.75 percent,2.44 percent and 1.49 percent, respectively.

In December 2018, homes sales in Clinton, Monroe, and St. Clair Counties increased 15.79 percent, 6.25 percent, and 0.47 percent respectively, compared to November 2018.

According to the 2018 Annual Report on the Illinois Housing Market, the Metro East housing market is steady. Median Home Sale Prices were up 4.2 percent compared to 2017,Closed Sales were up

1.3 percent, and Average Days on Market held steady at 66 days.

“2018 was a very successful year in Real Estate for the Metro East area. Thank you to all the REALTORS and our Affiliates for the hard work and diligence in making home ownership and property rights at the forefront of our communities in 2018.

We believe 2019 will be as successful!” Says REALTOR® Association President Judy Ross.

Home Prices

Compared to December 2017, the average home prices were on the rise for most of the Metro- East. In December 2018, Jersey County home prices saw a rise of 12.11 percent. Monroe County, Macoupin County, and Montgomery County saw increases of 6.87 percent, 6.62 percent, and 6.07 percent. Clinton County was not far behind with a 5.77 percent increase.

Madison and St. Clair Counties recorded a 1.59 percent and 1.1 percent increase.

Days On Market

Days on market continue to decrease in many counties within the Metro-East. Randolph County homes sold 47.27 percent faster in December 2018, than December 2017, while homes in Macoupin County sold 30.54 percent faster. Clinton county homes sold 17.6 percent faster,

while St. Clair County homes sold 5.26 percent faster with just 72 days on market.