ROCKFORD, Ill. (WTVO) — Rockford area homes are still selling at a record pace, according to data from the Rockford Area Realtors Association.
Sales were up 18 percent in September, with 438 homes sold during the month.
That’s nearly 70 more homes sold than during the same time last year.
Homes are selling for a higher average price also, at just over $146,000.
“The significant part about that is that’s one of our highest Septembers ever, on modern record,” said Rockford Area Realtors CEO Conor Brown. “So, homeowners should feel very good that equity is being added to their homes. Everybody wants to look at their real estate as an investment. This is a wonderful thing to happen.”
Realtors credit the historic sales growth on a low unemployment rate and the 1,500 jobs added to the local economy in September.
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