Brian Rule

I just finished going through April's market numbers (I know... it's a little late since we are almost done with May, but better late than never!) and it looks like there is still a lot of opportunities in the market! Here is a recap:

For market activity in April, here are the numbers. The stats are YTD, compared to the YTD numbers for April of last year:

Number of New Listings are down over 20%
Number of Pending Sales are down over 30%
Number of Closed Sales are down over 27%

Average Days on Market have increased almost 10% to 89 days

The Median Home Price has decreased 6% = $108,000, which is still above the Median Home price for 2007 = $106,250

The List Price to Sale Price Percentage has dropped to 91.2%, which is the lowest it has been in over 6 years!

The Housing Affordability Index is 215, which is up over 12%, and it is a great indicator of just how affordable it is to live in the Peoria area! The baseline is 100...

Here is the supply of single famile, pre-owned homes, in terms of months of inventory, in the market:

Overall - 6.2 months
Up to $75,000 - 4.5 months -- A seller's market!!
$75,001 to $125,000 - 5.7 months
$125,001 to $225,000 - 6.0 months
$225,001 to $500,000 - 10 months
$500,001 and Up - 20.4 months

So depending on what price range you are looking at, the market is in a different level of activity. And it will mean something different for a buyer or a seller as well. If you have any questions about any of this information or would like to know more about this market please let me know. It would be my pleasure to help in any way that I can!

Thanks,

Brian Rule
Realtor - The Rule Team
Keller Williams Premier Realty
309-303-0557
brian@TheRuleTeam.com
www.TheRuleTeam.com
http://DigitalCompass.acnrep.com

We have a great training calendar set-up for January! Here is a link to the calendar:

Click Here ---> January Training Calendar

Take a look and let me know if you have a question or if you would like more information about a training.

Yours in Success,

Brian Rule

I just wanted to update everyone and let them know that I am now the Team Leader for Keller Williams Premier Realty in Peoria IL.

I am extremely excited about my new position and the opportunity that awaits me!

My new focus is to one - help our existing agents with ways to grow their business and achieve the goals they have set; two - help bring new agents to Keller Williams that understand our business model, are interested in wealth building opportunites, and want the flexability of running their own business. And third - help run the day-to-day operations for our Market Center.

As Team Leader I am no longer able to actively sell real estate but can certainly refer people to qualified agents to meet the needs of the client.

If anyone is interested in learning more about Keller Williams please let me know!

Thanks
Brian

Brian Rule
Team Leader
Keller Williams Premier Realty
brule@kw.com

If you are looking to buy or sell in the Peoria area, or are just interested in the local real estate market, then take a look at our market report below. This report is for the city of Morton and is based off of the current year. If you are looking to buy or sell and have some questions about the report or would like some more information about how we can help you please call (309) 303-0557 or visit or website at www.TheRuleTeam.com.

We can also set you up on our email notification system. If you want access to all new listings or price changes, at the same time that realtors are notified, then just email us! Make sure that you include your specific search criteria - foreclosures, # of bedrooms, city, price range, etc:

notify@TheRuleTeam.com

There is no charge to you for this service and you can modify or discontinue the email alerts at any time.

Thanks,

Brian Rule, Realtor
The Rule Team - Keller Williams Premier Realty
309-303-0557
www.TheRuleTeam.com
brian@TheRuleTeam.com

If you are looking to buy or sell in the Peoria area, or are just interested in the local real estate market, then take a look at our market report below. This report is for the city of Chillicothe and is based off of the current year. If you are looking to buy or sell and have some questions about the report or would like some more information about how we can help you please call (309) 303-0557 or visit or website at www.TheRuleTeam.com.

We can also set you up on our email notification system. If you want access to all new listings or price changes, at the same time that realtors are notified, then just email us! Make sure that you include your specific search criteria - foreclosures, # of bedrooms, city, price range, etc:

notify@TheRuleTeam.com

There is no charge to you for this service and you can modify or discontinue the email alerts at any time.

Thanks,

Brian Rule, Realtor
The Rule Team - Keller Williams Premier Realty
309-303-0557
www.TheRuleTeam.com
brian@TheRuleTeam.com