Rockford Homes Are Selling At A Record Pace
Home prices also hit a 12-year high last month, with an average price of over $143K.
A year ago, a listed home was sold, on average, in about 35 days. The month of June, 2019, was a different story as a listed home sold in 30 days, setting a new monthly record.
That's 11 days less than the same time period last year, and over 2 weeks less than the state average.
Rockford area realtors point to an overall decrease in available homes as reason for the quick sales.
Halina Borowski has been selling homes for 37 years and says June was the busiest month yet.
"I listed this home on Friday, then open house on Sunday. I didn't even have pictures yet and we have probably around 40 buyers stop by," says Borowski with Gambino Realtors.
Borowski attributes the housing market success to a good economy and government programs.
But because there are so many buyers, inventory is low making home prices rise.