Home sales up, but market still struggles
DeKALB – When it comes to judging the local housing market, Cheryl Landeck said quantity does not always mean quality.
The most recent report from the Illinois Association of Realtors showed home purchases and values increased in January. Statewide, home sales increased 31 percent from 6,484 in January 2012 compared to 8,502 in January 2013. In DeKalb County, January home sales doubled from 39 in 2012 to 78 this year, and the median sale price grew from $104,900 to $121,000 during that time. The median price is one at which half the sales were for more, and half for less.
Homes also came off the market faster this year, with average days until sale falling from 126 to 105.
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