Freeport IL homes sold for October 2016

27 homes sold priced from $4,000 to$162,000 (same as this time last year)

Avg $69,974

Avg 205 days on the market

12 cash buyers, the remaining 14 using traditional Conventional, FHA, VA and USDA types of financing

206 homes still for sale that's the largest decrease month to month (down 12%) and up less than 2% from this time last year. 

2017 is closing as a great real estate year for the Freeport market with 236 homes sold year to date, sales are up 3% so far.

Typical this time of year, the real estate season is slowing down some with the Thanksgiving and Christmas holidays quickly approaching.

Freeport sales for September 2016

Freeport IL home sales for September 2016

28 homes sold priced from $285,000 to $11,000

Avg $74,314

Avg 142 days on market

10 cash buyers, the remaining 18 using traditional Conventional, FHA, VA and USDA types of financing

232 homes currently for sale, just a 2.5% increase from last month.  Number of sales up 7% and higher valued home sales up from last year.

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!

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

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.

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.

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.