The State of Real Estate_2021 Market SummaryThe Macon County residential Real Estate market experienced another robust year in 2021 with a total of 1580 properties sold at an average sale price of $135,914. A 6% increase in total sales, 9% increase in sales price, and 47% drop in average days on market provided a powerful combination for home sellers. As a company, Brinkoetter Realtors was involved in 57% of all MLS home sales in Macon County and delivered a 98% list to sell percentage with an 11% higher average sales price of $156,219.

If you live in the Maroa-Forsyth School District, your area saw 114 sales, a 20% increase, and an average days on market of 21 days. In the Mt. Zion School District and opposite side of the county, there was a decrease in sales from 237 properties to 210 properties for a drop of roughly 11%. The average days on market decreased by 48% to 29 days and the average sales price was up 11%, an increase from $196,482 in 2020 to 217,455 in 2021. Leading indicators for school districts across the county trended in a positive direction. The largest increase in average sales price was in the Argenta-Oreana School district which saw a 20% increase in the average sale price from $135,956 to $163,228 and a 54% drop in days on market to an average of 30 days.

What story do these number tell?

If we look back over the last 20 years, the average number of residential sales in Macon County per year was 1334 sales with an average sale price of $107,266. During that time frame, we saw periodic ebbs and flows of average sales and sales price but with an overarching theme of stability over time. Our local real estate market has been in a sustained period of growth over the past couple of years driven by a lack of inventory, low interest rates and very high demand. However, current conditions are indicating a cyclical trend of a market correction could be approaching.

“Our local real estate market has been a bustle of activity,” says Brinkoetter Realtors Designated Managing Broker/ Owner, Tom Brinkoetter. “Homes have been selling faster throughout the county, and at higher prices. And while this has been a success story for sellers, the truth is, these conditions will not last forever. With the current real estate market trends, coupled with potential increases in mortgage rates, our market may soon move back toward a more traditional real estate environment. And once that shift occurs, the housing market will become a lot more competitive and values will stabilize.”

Continues Brinkoetter, “I’d encourage anyone thinking of selling their home to have a conversation with their agent now. Waiting much longer will mean more competition and less demand in the housing market, and you may miss the opportunity to maximize your selling position.”

Today’s housing market is unique and especially advantageous for sellers, but will not last forever.

Brinkoetter Realtors leads the industry with interactive software, innovative communication, cutting-edge technology, and a highly-skilled team, committed to serving our clients throughout Decatur and Central Illinois. Get more attention, more exposure and make a bigger impact when you list with Brinkoetter Realtors. Go to Brinkoetter.com to connect with one of our agents today!

*statistical data sourced from the Central Illinois Board of Realtors, MLS for Macon County residential listings

Posted by Ryan Campbell on
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