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Peoria Home Sales Fall In First Quarter

Tue, 15 Apr 2014 17:39:56 CDT
By: Charlie Schlenker

Peoria area home sales suffered less than Bloomington Normal in the first quarter. Tonya Burris, the head of the Peoria Area Association of Realtors says the number of days a home stayed on the market rose and the number of sales fell nearly 19% compared to January through March of last year. Burris says the weather was the largest factor, but there was another.

Burris says some houses were taken off the market because they were rented to people who lost homes in the November twisters. Burris says there has been increased activity heading into April. She says consumer confidence rose and revised Gross Domestic Product numbers show better growth than earlier believed, which will benefit future home sales. 763 homes and condos sold in the Peoria area in the first quarter, down more than 200 from last year. The average price of a home sold rose slightly to $135,000.

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