Good news!
19 homes closed in January in O'Fallon IL. Even better, this is up 6 from the January 2009 total of 13.
Of the 19 , all were re-sale. Average market time was 181 days.
Bad news!
Prices are down. Average sales price for Jan 2010 was $136,000 down from $157,000 for Jan 2009.
As I mentioned above 19 homes closed in Jan 2010, this is up from 2009 and in line with 2008 numbers.
Price still continues to dictate what is selling. This trend should hold steady thru the first quarter of 2010.
So all things considered...not bad there are signs of life. Currently there are 37 homes under contract in O'Fallon IL. Showing activity is strong and interest rates are still very attractive.
Stay Warm!
