B-N Home Sales Slow During Usually Busy Summer Season
Two of what are typically the busiest home-selling months of the year were a bit slower in Bloomington-Normal.
The number of home sales in June and July fell 10% from this time a year ago, the Bloomington-Normal Association of Realtors reported Thursday. In total, 579 homes were sold in June and July, down from 647 a year ago.
Overall sales are down 8.6% through the first seven months of 2019, compared with 2018, BNAR reported.
The average price of an existing home—the bulk of the Twin City market—is now $175,789. That's up 2.3% from this time a year ago.
Meanwhile, the market for new construction continues to struggle. Just 21 new homes have been sold in 2019. That's down 63% from 2018.
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