WSOY AM logo gray-facebook gray-twitter gray-instagram Email

Decatur City Limitless
Illinois home sales dip in December but 2016 housing market ends on a high note

Illinois home sales dip in December but 2016 housing market ends on a high note

January 25 – Despite a dip in home sales in December, both sales and median prices finished in positive territory in 2016.

 

According to Illinois REALTORS, statewide homes in December 2016 totaled 11,629 homes sold, down 2.8 percent from 11,969 in December 2015. The statewide median price in December was $174,900, up 6.0 percent from December 2015.

 

In Macon County, closed sales fell nearly 16 percent compared to the previous year. Only 85 homes sold in December 2016, down from 101 homes sold in 2015.

 

The median price of a home in Macon County also dropped 9 percent to $78,000. The inventory of homes for sale dropped .8 percent to 755 available last month in Macon County. In December 2015, 761 homes were available for purchase.

 

The report also shows that homes in Macon County sat on the market for 68 days in December 2016 compared to 113 days in December 2015.