Recent numbers show home sales are booming in the Metro East - KMOV.com

Recent numbers show home sales are booming in the Metro East

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(Credit: KMOV) (Credit: KMOV)

O’FALLON, Ill. (KMOV.com) -- The REALTORS Association of Southwestern Illinois shows May 2017 home sales jumped 40 percent compared to May 2016.

Tanya Hawkins, a realtor with REMAX Preferred in O’Fallon, Illinois said stable home prices and low-interest rates are two of the major reasons why.

“Your first-time homebuyer is your millennial buyer and they want a very technical experience, they also want to use a lot of technology,” said Hawkins. “They are transition from a rental mindset all the way to a buyer mindset.”

In May, News 4 reported millennials were moving out of Illinois, according to a study, for better jobs and cheaper living.

Despite that, Hawkins said people are flocking to buy homes.

The data shows in 2016 homes stayed on the market for about 109 days in St. Clair County. This year only 64 days.  Randolph County had homes on the market for 184 last year. In 2017, it was 133. In Clinton and Monroe Counties homes stayed on the market longer.

“I came here with the intention on renting, but when I saw the housing market and there were quite a few homes out there for sale and I knew I’d be here for some time,” said recent home buyer Patrice Wright.

Wright is set to close on her home later this month.

She said she will be working on Scott AFB and love the community atmosphere in O’Fallon, Illinois. 

“I just decided if I could find the one, then I would buy it,’ said Wright.

Hawkins adds community atmosphere and great schools are additional draws for people choosing to buy homes.

She said more developments are coming to the Metro East, presenting more opportunities for investors and buyers.  

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