The first five months of 2009 continued the trend in Bloomington of prices increasing while the number of sales decreased. Here are the numbers for January through May of 2009:

• Total number of sales: 417
• Average sales price: $180,981

And for 2008:

• Total number of sales: 517
• Average sales price: $171,429

Home prices have increased in 2009 over 2008 for the first 5 months by 5.57% while the number of sales has decreased by 19%. As the year progresses we should see the number of sales increase due to the new first time home buyers $8K tax credit stimulus.

But the good news is that real estate in Bloomington is seeing a very strong increase in sales value.