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Galesburg Area Listing Inventory: There are 170 residential properties currently listed for sale in the Galesburg area, which is 21% fewer than the same time last year when 214 properties were listed for sale. Properties Sold: Sales have decreased 7% from 107 properties sold through March of 2018 to 99 properties sold through March 2019. Average Sales Price: The average sales price was $94,500 through March 2019, 12% more than the average sales price of $84,300 through March 2018. Residential Sales Volume: Sales volume increased 4% in the first quarter of 2019, from $9,025,000 in 2018 to $9,353,300.

Illinois Quad Cities Listing Inventory: The number of

Iowa Quad Cities

Listing Inventory

Properties Sold

2019

2019

$95,003,900

$83,805,200

2018

$216,400

2018 $194,400

2018 2019

439

2018 2019

431

Galena & Galena Territory Listing Inventory: There are 216 properties for sale in Galena and the Galena Territory; a 16% decrease in the number of properties for sale at the same time last year when there were 256 listings. Properties Sold: 28 residential properties sold in both the first quarter of 2018 and 2019, resulting in no change. Average Sales Price: The average sales price was $188,100 through March 2019, 1% lower than the $190,200 average sales price through March 2018. Residential Sales Volume: Sales volume was down 1%, a decrease from $5,324,500 through March 2018 to $5,267,900 through March 2019.

properties for sale is down 1% from the same time last year; a decrease from 610 listings in 2018 to 604 listings currently. Properties Sold: 18% fewer properties sold in the first quarter of 2019, comparing 364 sales this year to 443 sales through March 2018. Average Sales Price: The average sales price increased 1% from $120,800 through March 2018 to $122,500 through March 2019. Residential Sales Volume: Sales volume decreased by 17% in the first quarter of 2019, from $53,497,700 to $44,578,500.

457

March 2019 was $154,700, an 11% decrease from the average sales price of $174,000 through March 2018. Residential Sales Volume: Sales volume for the first quarter of 2019 was $39,293,400, down 7% from 2018’s first quarter sales volume of $42,118,400.

448

Summary continued from page 2

Average Residential Sales Price Sales Volume

Iowa Quad Cities Listing Inventory: There are 457 homes and condominiums listed for sale in the Iowa Quad Cities area, a 2% increase from the same time last year when there were 448 properties for sale. Properties Sold: 2% more properties sold and closed in the first quarter of 2019, an increase from 431 sales to 439 sales. Average Sales Price: The average sales price increased 11% from $194,400 through March 2018 to $216,400 through March 2019. Residential Sales Volume: Sales volume increased 13% in the first quarter, from $83,805,200 in 2018 to $95,003,900 in 2019.

Iowa City Area Listing Inventory: There are 7% more properties for sale in the Iowa City area, comparing 1,189 in 2018 to 1,275 homes and condominiums currently on the market. Properties Sold: Sales have decreased

by 13% from 496 properties sold through the first quarter of 2018 to 433 through March 2019. Average Sales Price: There was a 7% increase in the average sales price of homes sold in the first quarter of 2019, comparing a sales price of $229,200 in 2018 to $244,400 in 2019. Residential Sales Volume: Sales volume decreased 7%, from $113,688,000 through March 2018 to $105,829,300 through March 2019.

Muscatine & Wilton Area Listing Inventory: There are 139 homes and condominiums listed for sale currently in the Muscatine and Wilton area, 24% more than at the same time in 2018 when there were 112 properties for sale. Properties Sold: There were 10% fewer residential properties sold in the first quarter, comparing 109 sales in 2018 to 98 sales in 2019. Average Sales Price: The average sales price was $136,800 through March 2019, down 7% from the average sales price of $147,700 through the first quarter of 2018. Residential Sales Volume: Sales volume was down 17%, a decrease from $16,103,700 through March 2018 to $13,401,800 through March 2019.

Southwest Wisconsin Area Listing Inventory: There are 159 properties for sale in the southwest Wisconsin region, 7% fewer than the 171 properties listed for sale at the same time in 2018. Properties Sold: 1% more properties sold during the first quarter of 2019, an increase from 84 sales in 2018 to 85 sales in 2019. Average Sales Price: The average sales price of homes sold through March 2019 was $149,600, 9% more than the average sales price of $137,000 through March 2018. Residential Sales Volume: Sales volume increased by 11% in the first quarter, from $11,504,800 in 2018 to $12,717,900 in 2019.

Quad Cities MLS Statistics - Iowa & Illinois Combined Through March Current MLS Listings Average Sales Price Total Sales Volume Total # of Sales YTD

2015

2016

2017

2018

2019

1,449 $144,000 $114,177,600 793

1,305 $152,900 $127,222,800 832

1,160 $151,300 $137,235,300 907

1,058 $157,100 $137,302,900 874

1,061 $173,800 $139,582,400 803

% Change 2018 vs. 2019 +0.3% +10.6% +1.7% -8.1% RuhlHomes.com • 3

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Cheryl Piersall Facts and Trends Spring 2019  

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