Key Housing Market Statistics in the Metro-East Released

 SHILOH, IL – With home prices in the Metro East on the rise, and Spring just around the corner, now is a great time to put your home on the market. 

Home Sales 

The number of homes sold in the rural counties of the Metro-East are selling faster than this time last year. Home sales in Macoupin County increased by 41.67, while Montgomery and Clinton Counties increased by 36.36 and 18.75 percent. Monroe and Clinton Counties saw a rise of 7.79 and 8.04 percent year-to-date over 2018. Madison County homes sold 0.96 percent faster than January 2018. 

Home Prices 

Home prices rose from January last year in most of the Metro-East. St. Clair and Madison County home prices rose 20.43 and 10.46 percent compared to January 2018. Randolph and Jersey counties had increases of 41.5 and 25.36 percent. Clinton and Montgomery counties also had increases of 12.04 and 5.2 percent. 

“Buying a home can seem stressful, but, using a REALTOR® can help take the stress out of the situation. REALTORS® are upheld to the REALTOR® Code of Ethics, which is a pledge of honesty, integrity, professionalism, and community service. Using a REALTOR® gives the peace of mind that comes from working with a real advocate and trusted professional who is committed to their clients’ futures and neighborhoods, just as much as they aresays REALTOR® Association of Southwestern Illinois President Judy Ross. 

Days on Market 

Homes in Madison, Montgomery, and Randolph Counties sold faster in January 2019 than January of last year with 8.6, 25.93, and 58.24 percent decrease in days. While other counties saw an increase in days on the market over last year, incidents such as the extreme weather the Metro East has seen and an extended government shutdown, could have played a factor in homes not selling as fast.