Home Sales Slow Seasonally | WGLT

Home Sales Slow Seasonally

Sep 16, 2015

More homes are changing hands compared to a year ago, according to the latest twin city numbers. So far this year, 1,911 homes sold. That's up more than a hundred from a year ago. The increase is nearly 6%.  Amanda Wycoff, president of the Bloomington-Normal Association of Realtors, says inventory on the market is shrinking.

The price of a new home is about $325,000. That's a price decline of about 7% from a year ago. The price of an existing home is up slightly.

Wycoff says homes in the $175,000 to $200,000 are selling the fastest.  She says even with a seasonal slow down, and talk of an interest rate increase, September should be another good month because of sales already in the pipeline.