Decatur, IL - Local Housing Data - Summary

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Decatur, IL Local News

Recent Figures Show New Home Sales Level in Decatur From Last Year

Posted on: Aug 08, 2014 11:17:44 AM

Closings of new homes in the Decatur, IL market remained steady year-over-year in May, staying relatively stable after having decreased year-over-year in April. New home closings moved from none a year earlier to none after the figure moved from 1 in April 2013 to none in April 2014. Closings remained level at none from a year earlier after the figure moved from 1 in April 2013 to none in April 2014.

After rising year-over-year in April, closings of new and existing homes fell year-over-year in May.

Other Market Trends

Foreclosures and real estate owned (REO) closings fell in May from a year earlier, but remained a burden on the market. Combined, foreclosures plus REO closings accounted for 27.8% of existing home closings, below 33.1% a year earlier. The percentage of existing home closings involving foreclosures sank to 9.9% in May from 16.6% a year earlier while REO closings as a percentage of existing home closings grew to 17.9% from 16.6%.

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