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April 20, 2011

St. Clair County home sales down compared to previous March

The 173 homes sold in St. Clair County last month were more than were sold in February, but lower than the 197 sold in March 2010.

The 173 homes sold in St. Clair County last month were more than were sold in February, but lower than the 197 sold in March 2010.

Realtors Association of Southwestern Illinois President Joe Hardin said that sales tend to increase in the spring, but the recent figures still show a healthy market and ideal one for buyers.

"The real estate market tends to be a seasonal market, and the spring time is generally the busiest time of the year for the housing market," remarks Hardin. "We hope that the nice spring weather will be a motivating factor for buyers. With interest rates back under 5 percent, plentiful home choices and affordable home prices, now is the optimal time to buy a home."

Statewide, homes sales were up 40 in March over February, but down 17.9 percent from March 2010. The Illinois Association of Realtors reported some momentum heading into the spring market, while sales remain lower than last year's heightened totals from the tax credit.

For more on the story, read the News-Democrat Thursday or go to www.bnd.com.

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