Quincy Illinois Real Estate Market

The national news media continues to talk about the housing slump, the bubble has burst, record foreclosures and other negative term. Real Estate is local. There are certainly problems in the housing industry. Much of the problem is in California and Florida and some other locations where homes appreciated at a double digit pace for several years. Some locations, such as Quincy did not see that type of appreciation. Over the last 5 years or so, homes in this area increasd in value , but only in the 5% range. We did not see the spikes, but we are not seeing the valleys either.

Our market is not as active as it was a year or even two years ago. Some of the slower pace is due to the national news continuing to hammer that the real estate market is in the hole. Some is do to tightening mortgage standards. However, we still have a strong market by most measures. Sellers should not be afraid to place their home on the market and buyers should not be afraid that their home values will decrease. Our economy is diversified and still good.

If you as buyers or seller are even thinking about a real estate transaction, please contact a REALTOR to find out the real facts about our real estate market.