2074
To fully appreciate the 2013 Real Estate market in Bloomington-Normal, you need to understand it from my perspective. As you probably already figured out from reading previous Blog's of mine, I'm a statistic geek!!!
Numbers matter to me. Important numbers like 56 (Joe Demaggio's hit streak), 18 (Jack Nicklaus Major's Championships in golf), 51 (Peyton Manning TD passes in a season) and nearest and dearest to my heart 2074 (the most homes sold in Bloomington-Normal).
No ESPN won't cover it. It won't be on 60 Minutes. It probably won't even be mentioned in the local newspaper. 2074...2074....2074 ah it means so much. You see in the early 2000's the Bloomington-Normal housing market had a record year followed by a record year. This ended in 2006. When the dust settled that year, the final sales count for 2006 was 2074 in Bloomington-Normal.
We in the Real Estate industry, had very little idea what was going to happen in 2007, with the fall of Fannie Mae and Freddie Mac disaster. Home sales dropped. And dropped. And dropped again. Agents left the business. Builders closed up shop. Developers filed for bankruptcy. This happened all over, even in Bloomington. We saw signs of stabilization beginning in 2011 and 2012.
But then came 2013.... As I write this Blog on December 27, 2013 we have closed 2048 homes year to date in Bloomington-Normal. This leaves us 26 closings from the record. We have today, Monday and Tuesday to close 26 more homes in Bloomington-Normal. Typically, the last few days of the month are the most popular closing days.
So I'm saying there's a chance to top 2074. I'm saying there's a great chance. Will we do it?....TBD but I promise you if you keep reading my Blog...you'll know.
Follow JohnArmstrongTm on Twitter for up to date Bloomington-Normal Real Estate information
To fully appreciate the 2013 Real Estate market in Bloomington-Normal, you need to understand it from my perspective. As you probably already figured out from reading previous Blog's of mine, I'm a statistic geek!!!
Numbers matter to me. Important numbers like 56 (Joe Demaggio's hit streak), 18 (Jack Nicklaus Major's Championships in golf), 51 (Peyton Manning TD passes in a season) and nearest and dearest to my heart 2074 (the most homes sold in Bloomington-Normal).
No ESPN won't cover it. It won't be on 60 Minutes. It probably won't even be mentioned in the local newspaper. 2074...2074....2074 ah it means so much. You see in the early 2000's the Bloomington-Normal housing market had a record year followed by a record year. This ended in 2006. When the dust settled that year, the final sales count for 2006 was 2074 in Bloomington-Normal.
We in the Real Estate industry, had very little idea what was going to happen in 2007, with the fall of Fannie Mae and Freddie Mac disaster. Home sales dropped. And dropped. And dropped again. Agents left the business. Builders closed up shop. Developers filed for bankruptcy. This happened all over, even in Bloomington. We saw signs of stabilization beginning in 2011 and 2012.
But then came 2013.... As I write this Blog on December 27, 2013 we have closed 2048 homes year to date in Bloomington-Normal. This leaves us 26 closings from the record. We have today, Monday and Tuesday to close 26 more homes in Bloomington-Normal. Typically, the last few days of the month are the most popular closing days.
So I'm saying there's a chance to top 2074. I'm saying there's a great chance. Will we do it?....TBD but I promise you if you keep reading my Blog...you'll know.
Follow JohnArmstrongTm on Twitter for up to date Bloomington-Normal Real Estate information
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