Key Housing Market Statistics in the Metro-East Released

SHILOH, IL – February Home Sales Close Out the Winter Market with a Bang.

Home Sales

The number of homes sold increased in the Metro-East in February. Home sales in St. Clair and Madison Counties saw a rise of 11.18 and 33.0 percent year to date over 2018. Montgomery and Clinton, and Randolph Counties increased by 35.7, 36.4 and 22.2 percent.

Compared to January, home sales increased in almost every county. Macoupin, Jersey, and St. Clair Counties had increases of 5.9, 8.3, and 12.5 percent. Monroe, Montgomery, and Madison Counties homes sold 23.5, 26. 7, and 26.7 percent faster. Randolph County saw a large increase of 175 percent increase.

Home Prices

Home prices had a steady increase over February 2018. St. Clair and Madison counties had increases of 2.9 and 12.0 percent. Monroe and Macoupin Counties both saw moderate increases of 13.1 and 26.0 percent.

While, Jersey and Montgomery County home prices rose 32.5 and 73.9 percent compared to February 2018.

“The Metro-East Housing Market has continued to thrive through a bitter winter and I’m excited to see what Spring will bring.” Says Judy Ross, President of the REALTOR® Association of Southwestern Illinois.

Days on Market

Homes in Madison, Montgomery, and Clinton Counties sold faster in February 2019 than February of last year with 4.3, 49.7, and 52.7 percent decrease in days. According to Realtor.com and their study of the 50 largest real estate markets, the best week of the year to list your home is March 31 to April 6. Homes listed that week tend to sell faster, for more money than earlier in the year.