Peoria, Illinois has one of the fastest rising list prices in the country, according to a recently released data on Realtor.com.
After considering 146 metropolitan markets nationwide, the website released the top 10 markets with the biggest year-over-year increases in median list price during April.
Update on Peoria Area Home List Prices
Here’s the list of the cities, including how much the price increased year-over-year:
- Fort Myers-Cape Coral, Florida, 25.7%
- Miami, 8.6%
- Shreveport-Bossier City, Louisiana, 8.1%
- Washington, D.C.-Md.-Va.-W.Va. (Va.), 6%
- Columbia, Missouri, 5.1%
- Peoria-Pekin, Ill., 3.6%
- Fort Collins-Loveland, Colo., 3.5%
- Anchorage, Alaska, 3.3%
- Charleston, W.Va., 2.9%
- Tyler, Texas, 2.6%
Nationwide, the median list price dropped by 4 percent year-over-year in April. That price was $191,900 in April 2011.
The report also found that eight of the 10 top cities – including Peoria – saw a decline in their inventory year-over-year. This means that are less homes on the market than there were a year ago.
A decrease in inventory is usually a good indicator that the market favors sellers. After all, when supply is low and demand is high, prices typically rise.
Nationwide, home listings dropped by 8.3 percent.
Selling Your Peoria, Illinois Area Home
The news on the Peoria real estate market just keeps getting better and better for Peoria area home sellers.
If you’ve been thinking about listing your Peoria area home for sale, then contact me, Mary Ann Knell, today.
I’ll talk with you about setting your Peoria home list price as well as how to stage your home for listings.
As a Peoria area real estate expert, I also have experience selling homes in surrounding communities, including:
Until next time,
Mary Ann
