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.