Lesley's Blog

I get asked quite frequently how the housing market is doing in our great state of Illinois as well as in the River Bend area.  The Illinois Association of REALTORS® reported the following:

•First quarter of 2008 home sales were down 27%

•First quarter median home sale price was down 4.3%

The predicition is that home sales will be boosted in the summer months.  Many folks who wanted to buy in the fall have waited to see where the market is headed and are now ready to buy.  In addition the federal economic stimulus package and some important housing provisions that were recently passed by Congress are hoped to increase the housing market.

This is a good time to buy!  The market has several homes out there as well as sellers who are motivated to sell.  If you are in the market for a home here are some statistics you might be interested in.

•Most homebuyers looked for a home for 8 weeks and saw an average of 11 homes.

•REALTORS® were used by 86% of homebuyers

•The internet was used by 67% of homebuyers looking for a home

•Those who search on the internet were an average age of 37!

I hope this encourages those of you who are buying and those who are selling! 

If you are searching for a home and use the internet I now have a VERY useful tool called a "Property Cart"!  I can specify where and what price, acreage etc you are looking for and you will be notified via e-mail any time a home becomes available to you! 

If you are interested in signing up for this feature---drop me an e-mail at lgleason@illinoiscoutntryhomes.com

or give me a call at 372-4010!

Have a GREAT day!!

~Lesley~