Bloomington-Normal home sales fell in 2023 thanks to higher interest rates and low inventory wglt.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wglt.org Daily Mail and Mail on Sunday newspapers.
Home sales decline in B-N, but prices are still climbing wglt.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wglt.org Daily Mail and Mail on Sunday newspapers.
Bloomington and Normal issued a combined 244 permits for new home construction in 2022. That’s up 51% from the year before, with more building planned for 2023.
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Sales of new homes in Bloomington Normal are up significantly from the first quarter of last year, according to the Mid-Illinois Realtors Association.
In the first three months of this year, 589 homes, condos, and zero lot line homes sold in the Bloomington-Normal area, according to the Mid-Illinois Realtors Association. That’s an increase of 25.6%.
The average sale price is up 7.1%, which has boosted the overall dollar volume of sales by 34.4%.
Pending sales rose sharply in the Twin City area in March and are up 15.9% for the quarter. Pending sales of newly-built homes were up more than 118% for the quarter.