O'Fallon IL currently has 271 homes for sale in a wide variety of price ranges and locations. Inventory is high, prices are reasonable and interest rates are still holding around 5% so now is a fantastic time to buy. Throw in the $8,000 first time home buyer tax credit and things look good.
April turned out to be a very strong month (all things considered) with a total of 26 homes closing, this compares to 23 homes last month.
Of the 26, 22 were Re-Sale homes with an average sales price of $156,573 and average days on the market of 110.
4 of the 26 were new construction. Those had an average sales price of $334,486 with an average market time of 162 days.
More good news: there are 59 homes under contract as of today so the coming months should be stronger yet! Below are some graphs that show comparisons from year to year and month to month.
