Overall Market Data Report for Central Illinois through the end of Sept 2020.

Here’s a link to the most recent data available for the Peoria Area MLS database. This is through the end of Sept 2020. We will have the October data out usually about a week or two into Nov 2020.

https://rmlsa.stats.showingtime.com/docs/mmi/x/MarketActivityforthePeoriaAreaRegion?src=map

This is a 14 page report showing a breakdown of how homes are selling in different price points throughout the central Illinois area.

Strong buyer activity has continued into the fall, which is normally the start
of the seasonal slowing of the housing market. With stronger buyer activity
in the market this year and the continued constrained supply of homes for
sale, speedy sales and multiple offers are likely to remain a common
occurrence and will keep the housing market hot even when the weather is
cooling.


New Listings decreased 17.8 percent for Single-Family Detached homes
but increased 11.4 percent for Single-Family Attached homes.

Pending Sales increased 49.1 percent for Single-Family Detached homes and 43.3 percent for Single-Family Attached homes.

Inventory decreased 40.4 percent for Single-Family Detached homes and 26.7 percent for SingleFamily Attached homes.

Median Sales Price increased 1.7 percent to $123,250 for Single-Family
Detached homes but decreased 25.2 percent to $121,250 for Single-Family
Attached homes.

Days on Market decreased 28.1 percent for Single-Family
Detached homes and 14.7 percent for Single-Family Attached homes.
Months Supply of Inventory decreased 47.3 percent for Single-Family
Detached homes and 29.0 percent for Single-Family Attached homes.

While mortgage rates remain near record lows, The Mortgage Bankers
Association reports that lending standards are tightening, which makes it a
bit more difficult for some buyers to qualify. At the same time,
unemployment remains substantially higher than a year ago due to COVID19. Despite all this, buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic.

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