Twin Cities housing market stays strong

Posted on October 21, 2015
House for sale
Overall sales are up 7.6 percent. (WJBC file photo)

By Adam Studzinski

BLOOMINGTON – Bloomington-Normal’s housing market remained strong in September.

In all, Housing sales are up now 7.6 percent compared to the same time in 2014. Existing home sales are up 7.6 percent as well. New construction sales are up 7.1 percent.

“Overall, the numbers are looking really good for real estate here in Bloomington-Normal, as far as closings that we had in September,” said Bloomington-Normal Association of Realtors President Amanda Wycoff. “We actually are up from last year. Last year, in September we had 35 less homes sold than this September, so we’re really excited.”

The price of new construction homes is down 4.6 percent versus last year, but Wycoff was not too worried about that.

“I’m not sure that the price of new construction is a terrible concern,” said Wycoff. “It just means that, perhaps, people are contracting builders to buy more affordable homes.”

Wycoff says she’s pleased to see sales increased in September compared to August because typically they see a slight decrease in September.

Adam Studzinski can be reached at [email protected].

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