Finally! The year in home stats are in for the Peoria area homes sales. This includes everything that is in the counties of Peoria, Woodford and Tazewell, as well as some of the smaller counties around the area like Marshall, Stark and Fulton. The bulk of the data is made up of the sales from the big three however.
To see a summary of all of the communities and counties click here.
Peoria County saw an increase in the number of new listings coming on the market up 1.9% compared to 2012. Tazewell saw a decrease of 2% and Woodford was almost the same but in the positive category, up .2%
For closed sales Peoria county saw a decrease of 3.3%, Tazewell saw an increase of 1.1% and Woodford saw a decrease of 3.6% compared to the prior year.
Average sold prices were down a little across the board. Peoria County was down 3.8%, while Tazewell was off .4% and Woodford was off 1.7%
The percentage of listing price to sales price ratios, which means on average how close to the listing price the seller got, saw a slight increase across the board. Peoria County was up .2% to 89.7%, Tazewell was up .8% to 92.6% and Woodford was up .2% to 92.2%. Now remember, this ratio can vary considerably when talking about new constructions vs. existing homes, etc.
The days on market data, which shows on average how long it takes to sell a home, shows in Peoria County it takes 81 days, down 17.3% compared to 2012. In Tazewell County it takes 77 days, down 13.5% compared to 2012. In Woodford County it takes 78 days, which is down 1.3% compared to 2012. So in 2013 homes were selling a little faster, and a little closer to listing price than in 2012.