What’s Happening in the Peoria Market?

    People have been asking a lot of questions about our market, so it’s time for us to take a look at current conditions with our latest market update.

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    It’s time for another market update, and one of the main things people want to know is who is currently favored by today’s conditions.

    Well, we’re technically in a buyer’s market, but with that being said, my team and I sold over 82 homes in the month of February.

    There are currently 2,650 properties active on our market right now. How does this current inventory affect your home’s value? It depends. My team works with a lot of micro-markets within our larger area, so if you want to know how you are specifically impacted, I recommend you get in touch with us.

    “It is still a great time for buyers and sellers alike to take advantage of the market.”

    We’re still dealing with record-low interest rates. The average rate for a 15-year fixed mortgage is 3.875% and the average for a 30-year fixed mortgage is 4.5%. It is still a great time for buyers and sellers alike to take advantage of the market.

    If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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