2012 Was Recovery Year in Peoria Real Estate Market

by Tim Johnson

After 6 years of declining sales, 2012 reversed that trend in a big way. Rather than just inching above last year, approximately 712 more Peoria area homes were sold in 2012 than in 2011, a 16.9% increase. READ MORE

The average sales price and median price were noticeably higher than the previous 9 years. Although home prices stabilized in 2012 and some areas saw increases, the sharp rise in the median and average sales price seems to be more related to the strong increase in sales in some of the higher price points as well as somewhat of a decrease in the lowest price point. 

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