July Market Update for O'Fallon IL
Things are down slightly(10%) from last month, but there are still many under contract so no cause for alarm just yet.
$300,000 still seems to be a ceiling for home sales. Of the 43 homes that closed in July, 91% of them were below $300K. The bulk of the closed homes (34) fell between $100,000-$299,999.
Your re-cap of the last 30 days for O'Fallon IL Real Estate
July 2009
Closed 43 Homes
New Construction: 1 @ $268,348 with a market time of 91 days.
Re-sale: 42 with an average sales price of $209,354 and an average market time of 133 days.
Currently there are 251 homes for sale in O'Fallon IL.
Your long awaited statistical graphs!
On a non-real estate related issue, yours truly took part in the All-Star charity5k last month and ran into(not literally as I would have knocked her over) Shawn Johnson. She was kind enough to pose for a photo...never know who you will run into.
Stay cool folks as we are now going to pay for the fantastic weather of the last few weeks!
