More residential units were sold in March of 2020 than March 2019, in nearly every county in the Metro-East. The county that saw a considerable increase was St. Clair with a 7.3 percent increase from 276 units to 296 units.
The largest numbers were seen in residential sales in March compared to February. Sales for the entire Metro-East were up 25 percent. Randolph and Clinton Counties had triple digit increases with 125 percent and 100 percent more units sold. St. Clair, Macoupin, and Monroe Counties had similar increases with 43 percent, 38 percent, and 33 percent over February. While, Madison County had a 16.3 percent increase in units sold in March.
St. Clair County Year-to-Date home sales continue to stay on a steady incline from 2018, with an 8.5 percent increase from 2019. The difference in year-to-date sales from March 2018 to March 2019 was a 6.2 percent increase.
Home prices continue to steadily increase as well. St. Clair County had a 7 percent increase in home prices in March, with an average home price of $169,302. Madison County home prices rose 3.6 percent, with an average price of $157,716. Home prices in Illinois were up 8.5 percent from March 2019 and the Metro-East was up 5.1 percent from march 2019 and 11.5 percent from February 2020. The average home price in the Metro-East for March was $138,000.
“January and February were record months for the Metro-East and it’s nice to see that momentum continue to build in March.” says Donna Baker, President of the REALTOR® Association of Southwestern Illinois.
Days on Market
The average Days on Market were down for some Metro-East Counties including Madison, which had a positive 6.6 percent decrease with 85 days on market compared to March 2019 with 91 days.
|Residential Units Year Over Year|
|Residential Units Month Over Month|
|Year-to-Date Home Sales (January 1 -March 31)|
|Average Home Prices|
|Average Days on Market|
Statistics are provided by MARIS.