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WJBD - Local News - Housing Market Continues to Decline in Marion County

Housing Market Continues to Decline in Marion County

By Will Doolin, WJBD News

The housing market decreased again in Marion County for the month of October.  The Illinois Association of Realtors reports home sales in Marion County decreased 12-percent in October 2012 from October 2011.  22-homes were sold in October compared to 25-homes sold in October 2011.  Median home sale prices in the county decreased 0.9-percent with a median home sale price of $62,450 last month, compared to a median price of $63,000 in October 2011.

Year-to-date numbers indicate 286-homes have been sold in Marion County so far in 2012, compared to 269-homes this time last year, an increase of 6.3-percent.

Statewide home sales were up for October 2012, totaling 11,775 homes sold, up 37.3-percent from 8,577 home sales in October 2011. The statewide median price in October was $133,750, up three-percent from October 2011 when the median price was $129,900.

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