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: Jan 01, 2014 07:09:58 AM

Closings of new homes in the Decatur, IL market saw no change year-over-year in September, staying flat after dropping year-over-year in August from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in August 2012 to none in August 2013. New home closings moved from none a year earlier to none after the figure moved from 1 in August 2012 to none in August 2013.

After rising year-over-year in August, closings of new and existing homes dropped year-over-year in September.

Other Market Trends

Foreclosures and real estate owned (REO) closings declined in September from a year earlier, but remained a burden on the market. Combined, foreclosures plus REO closings represented 33.3% of existing home closings, below 38.2% a year earlier. The percentage of existing home closings involving foreclosures declined to 15.2% in September from 24.4% a year earlier while REO closings as a percentage of existing home closings climbed to 18.1% from 13.7%.

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