Today's Peoria Journal Star included an article about area home sales. In 2008, PAAR (Peoria Area Association of REALTORS) reports 11.6 percent drop in home sales over the previous year and a slight increase in the average sale price. Pat McCarthy, President of PAAR, also commented "Most economists are saying it will be the middle of the year before we see a rebound in the housing market. We're hoping Peoria's a little stronger than that." Read the full article on pjstar.com
We all know the economy is struggling. We are overwhelmed with negative news each day. It is good to hear a little positive news too. Despite area home sales dropping, the Gillespie Group increased their home sales by over 10% in 2008. We are staying positive and continue to work hard to get the job done.
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