What a ride the 2013 Bloomington-Normal Real Estate Market took us on! We accomplished some pretty impressive things. We saw an increase from 2012 (a strong real estate year) in almost every category. We sold 12% more houses in Bloomington-Normal. The median price rose from $160,000 to $162,000. The median days it took to sell a home was 38 vs 63 days in 2012.
I started looking back at the stats from 2006. 2006 was the last full year of good growth. I was amazed to find 2013 was a better year for sales. We sold 4 more homes in Bloomington-Normal. The median price in BloNo was $11,500 more in 2013 than 2006.
Looking ahead to 2014, I think our sales numbers will fall a little short of the monster 2013 numbers. Much of that will depend on interest rates. Most experts are predicting mortgage rates will rise in the near future. What impact will that have on Bloomington-Normal home sales?......I'll keep you posted.
I started looking back at the stats from 2006. 2006 was the last full year of good growth. I was amazed to find 2013 was a better year for sales. We sold 4 more homes in Bloomington-Normal. The median price in BloNo was $11,500 more in 2013 than 2006.
Looking ahead to 2014, I think our sales numbers will fall a little short of the monster 2013 numbers. Much of that will depend on interest rates. Most experts are predicting mortgage rates will rise in the near future. What impact will that have on Bloomington-Normal home sales?......I'll keep you posted.
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