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Winter Whacks Home Sales One Last Time

Fri, 11 Apr 2014 09:56:13 CDT
By: Charlie Schlenker

Rotten winter weather hampered home sales in Bloomington Normal all the way through the end of March. The Association of Realtors reports first quarter totals are down 23% compared to last year. The 392 homes and condos that changed hands in the quarter are 125 fewer than for the same period in 2013. The average price of a home sold is also off by nearly 8% at about $159,000. Sales of new homes were in the single digits for the third month in a row. Realtor commissions also took a hit. the total dollar value of the property sold was off nearly 29% for the quarter. Nearly half the first quarter drop in sales happened in March.

     

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