Twin Cities home sales remain strong

Posted on June 22, 2015
House for sale
Bloomington-Normal home sales were up 8 percent year-to-date in May. (WJBC file photo)

By Adam Studzinski

BLOOMINGTON – The month of May continued an upward trend for housing sales in Bloomington-Normal.

“You never know what you’re going to get in May due to graduations and school getting out,” said Bloomington-Normal Association of Realtors President Amanda Wycoff. “But with a 7.7 percent increase (in May) over 2014, we are absolutely thrilled with the numbers.”

Total sales were up 8 percent year-to-date versus the same time in 2014. Wycoff explained resale homes were up 6.2 percent for the year.

“We closed 262 homes in May and as we look back at January, only 100. So it’s been steadily increasing,” said Wycoff. “We have 454 homes currently pending here in the Bloomington-Normal area. So if anyone is wondering when the right time to sell their house is the answer is now.”

Wycoff added new construction sales have jumped 33.9 percent this year.

“I think there’s a lot more consumer confidence here in Bloomington-Normal, and seeing new construction homes being built is a really wonderful thing compared to the last couple years,” she said.

Wycoff expected June, and the rest of the summer, to be a successful time for housing sales.

Adam Studzinski can be reached at [email protected].

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