Your July 2010 State of the Market Report
Presented by The John Armstrong Team;


Whether you are in the market to buy or sell now, or just wanting to know what is going on in your local Real Estate market, I believe this report will help you understand what is happening in the Bloomington-Normal area. Of course this data reflects the overall market. If you would like to know more specifically about your subdivision, I encourage you to call my mobile at 309.275.9333, or call my office at 309.661.7068. Please feel free to pass my name along to anyone thinking of buying or selling a home.

HOMES LISTED

Number of homes on the market in B-N July of 2010 1017

Number of homes on the market in surrounding areas July of 2010 402

Number of homes listed in B-N in July 2010 222

Number of homes listed in the surrounding areas in July 2010 84

CLOSINGS & PENDING SALES

Number of homes under contract in B-N in July 2010 104

Number of homes under contract in the surrounding areas in July 2010 39

Average days on the market for homes sold in B-N in July 2010 83

Average days on the market for surrounding area solds in July 2010 96

Average price of homes sold in B-N July of 2010 $191,111

Number of new construction sales in July 2010 15

Number of new construction sales in July 2009 28


*Homes means houses, condos, & zero-lot lines

What does all this mean? It's hard to believe, but our year-to-date sales are only slightly less than in 2009 for the Bloomington/Normal area. The market above $200,000 has been relatively strong the past couple of months. The numbers are trending down however. I project the rest of 2010 sales will be 10% or more behind.

Thanks for taking time to read the July edition of my State Of The Market report. I look forward to sharing August's numbers with you next month. If you know of anyone looking to buy or sell please call my office at 309-661-7068. Visit my web site at http://JohnArmstrongHomes.com & check out my blog at http://johnarmstrongteam.blogspot.com/