Peoria Area Home Sales up 37 Percent in Second Quarter
Peoria-area Home Sales Up 37 Percent in 2nd Quarter Home Sale Records Set Despite Low Inventory July 14, 2021- Peoria, Illinois . Home sales in the Peoria area were 37.5 percent in the second quarter this year over the same period in 2020, according to the Peoria Area Association of REALTORS®. Home sales totaled 2,304 in the period from April to June 2021, topping the 1,676 homes sold in the second quarter of 2020. "The biggest news is that we set new records for home sales in June and July in 2020 and have since exceeded the June 2020 numbers this year," said PAAR President Jason Catton. "Last year we broke our all-time record in June with 663 closings and then again in July with 741 closings. This year we set new records for June (681 sales) and July (818 sales)," he said. PAAR reported that the median sales price for the second quarter was $127,000, down slightly from the $127,500 median figure recorded for the second quarter last year. The average sales pri...