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Weather Slows BN Home Sales

Wed, 12 Mar 2014 14:42:04 CDT
By: Jim Browne

Weather Slows BN Home Sales The president of the Bloomington-Normal Association of Realtors is looking forward to spring. Chuck Montgomerie says this year's winter is stifling home sales. 50 fewer homes have been bought and sold so far in 2014 compared to one year ago. Montgomerie says, along with warmer temperatures, he'd also like to see more people putting homes on the market:

"Probably have a little higher inventory in some price ranges than we'd like to, but we really need more inventory overall. The last few months home from 100-to-200 are selling very well, homes over 300 slowed down a bit."

Montgomerie says first time homebuyers are snatching up entry-level properties:

"Certainly first time homebuyers are looking, and what sells the quickest is the neat clean house that's not cluttered and is ready for people to move into."

So far this year there have been 237 home sales with an average price of $154,303.   

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