Bloomington-Normal Association of Realtors

Two of what are typically the busiest home-selling months of the year were a bit slower in Bloomington-Normal.

There’s a new outdoor space in Normal for cancer patients, their families, and the general public to reflect, meditate, and regenerate.

The Bloomington-Normal real estate market is off to a strong start in 2019, with sales and prices up even as low inventory continues to make it a seller’s market.

The leader of the Bloomington-Normal Association of Realtors says the government shutdown has little impact on local home loan programs.

The local Realtors president said corporate relocations helped the Bloomington-Normal real estate market play some catchup during an especially busy July.

The Bloomington-Normal real estate market picked up a little in March, as the pace of sales quickened and prices continued their upward climb.

The Bloomington-Normal housing market continued its sluggish start to 2018, with total sales off nearly 20 percent through February.

The Bloomington-Normal housing market got off to a slow start in 2018, with sales in January—typically one of the slowest months of the year—falling by more than 25 percent from a year ago.

Home sales took a sharp dip in December, leading to an slower 2017 overall for the local real estate market, the Bloomington-Normal Association of Realtors reported Tuesday.

The pace of home sales in the Bloomington-Normal market slowed in October, even as the average price continued to climb due to low inventory, local real estate agents reported Wednesday.

A low number of homes on the market is helping to drive up prices in Bloomington-Normal real estate, even as the demand for newly built homes continues to lag.

Bloomington-Normal home sales ticked back up again in August as more buyers closed deals toward the end of the busy selling season.

Home sales in Bloomington-Normal were strong during February, and the head of the realtors' association says there aren't enough homes on the market right now.

The head of the Bloomington-Normal Association of Realtors predicts a strong home-selling climate in 2017, from about mid-year on.

Until then, Ed Neaves said things will be steady. He said about 100 homes are under contract so far this year, about the same as at this point in 2016. Sales last year rose 2.8%.

Neaves said a lot of buyers are out there but they are educated and particular.

The realty market amounted to a nearly $486 million chunk of the Bloomington Normal economy last year. That's up more than 2% in dollars.

The number of home sales rose by 2.8%.

The Peoria area has recorded an earlier than usual seasonal slowdown in home sales.

Realtors Association President Jana Heffron said third quarter sales dropped more than ten percent, but overall market fundamentals remain sound.

Sales of homes and condos in Bloomington-Normal continued their recent upward trends last month.

According to figures supplied by the Bloomington-Normal Association of Realtors, home sales were up 3.3 percent in August compared to the same month last year, and are up five percent year-to-date. 

Housing sales in Bloomington Normal appear to be reflecting the economy as a whole; growing over last year, but increasing slower than at this time last year.

Association of Realtors President Karent Stailey-Lander is pleased with the results through July.

Realtors in Bloomington-Normal are seeing signs to get a little excited about more newly-constructed home options for buyers.

Karen Stailey-Lander, president of the Bloomington-Normal Association of Realtors, says there was a 12.8 percent decrease in the number closings of newly-built homes during June compared to last year. But she says pending sales during the month were up slightly.

"Those, actually year-to-date, exceed what we had last year. Just by one percent, but we were just hoping to catch up with last year and hopefully exceed it this year," Stailey-Lander said.

Home sales in the twin cities increased over the past several months and it is due to an unlikely helper.

Karen Stailey-Lander, president of the Bloomington-Normal Association of Realtors, said the economy actually helped increase real estate sales the first five months of this year.  

"I think buyers out there have much greater confidence in the economy at this point, so we're just seeing an increase in sales, really across the board," said Stailey-Lander.

Home sales in Bloomington Normal rose 11 percent in April compared to the same month last year. The Association of Realtors said year to date sales are up 5.6 percent. Indicators remain mixed, though.

More homes sold in the twin cities in 2015 than during the previous year.. That's according to the end of year Bloomington-Normal Association of Realtors report.  Overall sales were up 5.6% last year from the year before. 2,780 transactions were recorded.

The price of existing homes that changed hands this past year was up slightly, .7%. New home prices dropped 1.4% from the previous year. President of the Bloomington-Normal Association of Realtors, Amanda Wycoff, says the currently low number of homes on the market, 622, means it's a seller's market.