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Peoria homes continue to sell

Tue, 17 Apr 2012 09:06:11 CDT
By: Charlie Schlenker

Home sales are taking off in the Peoria area thanks to warm weather and other favorable conditions. Peoria Area Association of Realtors President Laura Martin says sales rose 24% in March and 21% for the quarter. Martin says the realty sector is not just an economic indicator, but a significant contributor to the economy. She says every home sold creates $18,000 of immediate economic activity....

   

Martin says with inventories dropping and prices increasing, the marketplace is leveling out. The average price of a home sold in Peoria in the first quarter rose seven percent. Inventory dropped nearly 15%.

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