Friday, June 19, 2009

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.

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