Housing Market Sales Are Down In The QCA, But Demand Is High - News and Weather For The Quad Cities -

Housing Market Sales Are Down In The QCA, But Demand Is High

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A new report just released shows home sales in the Quad Cities are down 12%, but demand is to buy is still high.

One Rock Island family is trying to sell their home of 8 years.

"We've completely reconditioned the house... New furnace, new air, new windows," said Carol Joens.

Her and her husband just put their house on the market last week and they've already shown the house three times.

"The first time my realtor called was before I had even signed papers and I was like, are you kidding? Already? So that was kind of comforting to know that it was going to show that many times, that fast," said Joens.

Joens said her husband's health is forcing them to leave the area, but she hopes they can sell within the next 60 days. A task that experts say is likely to happen.

"The homes that are properly priced in the areas that people want to buy are flying off the shelves," said CEO of the Quad City Area Realtor Assoc. Sharon Carlson.

Carlson said year to date numbers are down, but that's because of a long winter. Otherwise, she said it's shaping up to be a good year and June is already looking better than May.

"It really is strong for both sides," said Carlson. "Sellers because there are buyers out there looking for homes. Buyers definitely because interest rates are low and there's good properties out there."

Carlson said she wants people waiting to sell to know it's time to get your house listed.

"Our inventory is down," said Carlson. "I don't know if sellers are aware that there are buyers out there looking for home."

Something the Joens hope will happen for them.

"It looks promising, it looks promising at this point," said Carol Joens. "Like I said I've had a lot of interest in it."

Carlson said the average sale price for residential properties are up from recent years. That average is about $150,000 for a home in our area.

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