Thursday, September 22, 2016

Freeport sales for August 2016

Freeport IL Real Estate Market

31 homes sold priced from $265,000 to $7,500
Avg $80,726
Avg 155 days on market


8 cash buyers, the remaining 23 using Conventional, FHA, VA and USDA types of financing



226 homes currently for sale, just a 2% increase from last month and continued almost 12% decrease of inventory from this time last year.


More homes selling year to date and lower inventory, great news for everyone!

Tuesday, September 20, 2016

Freeport sales for July 2016

Freeport IL Real Estate Market

29 homes sold, priced from $4,500 to $250,000
Avg $92,910
Avg 114 days on market


19 buyers with traditional types of financing (FHA, USDA, VA and Conventional)
10 buyers cash


221 homes currently on the market, 2% increase from last month and still an 11% decrease from this time last year (all continued positive signs for our local market).


Very busy July, believe it or not we are now in back to school which means real estate slow down for Aug


Thursday, July 14, 2016

Freeport homes sold for June 2016

19 homes sold, priced from $10,000
Avg $81,202
Avg 178 days on market


12 buyers with traditional types of financing (FHA, USDA, VA and conventional)
7 buyers cash


217 homes currently on the market, 5% increase from last month and still a 15% decrease from this time last year (still positive signs for our local market).



This is our typical Summer slow down, still activity but not near what we have the first half of the year.

Wednesday, July 13, 2016

Freeport, IL homes sold in May 2016


24 homes sold (compared to just 16 homes in 2015)
$81,129 avg sales price (sales ranged from $9,900 to $234,900)

13 buyers obtained traditional types of financing FHA, VA, USDA and Conventional the remaining 11 were cash buyer

As is typical, May was our best month for closings however the buyer activity has slowed.  As I've mentioned this is normal for our market and seasons.


205 homes currently for sale in the market, this the first increase in many months, market season and buyers push to move has slowed.  This brings us back to inventory levels of Oct last year.  With graduations done, end of the school year past and once the interest rates go up again buyers will be back out.

Tuesday, July 12, 2016

Freeport home sales April 2016

23 homes sold, priced from $21,500 to $195,000
Avg $84,122
Avg 226 days on market


13 buyers with traditional types of financing (FHA, USDA, VA and conventional)
10 buyers cash


172 homes currently on the market, with just over 7 months of inventory. 
A balanced normal real estate market is 6 months.


Inventory is down 41% from this time last year, which is a great sign for the market over all.

Monday, July 11, 2016

Freeport home sales March 2016

20 homes sold, priced from $19,900 to $195,000
Avg $85,838
Avg 233 days on market


14 buyers with traditional types of financing (FHA, USDA, VA and conventional)
6 buyers cash



180 homes currently on the market, 10% inventory decline from this time last year and stayed the same from last month.

Friday, March 11, 2016

February 2016 Freeport IL homes sold



Freeport,IL Homes Sold Real Estate Market Update for February 2016

13 sold (priced from $8,000 to $97,000)
$41,466 avg sale price
140 avg days on market

4 Conventional financing
1 USDA
8 cash


Inventory is slightly up, 180 homes currently for sale, just a 5% increase from last month, however still down 10% from this time last year, all great signs for a strong Spring real estate market.


Buyers are out writing offers on homes.