Skip to content

Real Estate News

Covid 19 Impact on Local Real Estate

Rockford Real Estate experts offer advice for home buyers and sellers during this pandemic

May 10, 2020 - Rockford Real Estate experts offer advice for home buyers and sellers during the COVID-19 pandemic.

Ashleigh Geist and her fiancé Allen Pelton are first-time buyers settling into their new Machesney Park home.

"It's definitely exciting," said Geist. "Allen and I looked at eachother and we're like 'oh hey we're homeowners', and then we just automatically thought of what we could do with the whole house," said Geist.

Read More HERE.

Real Estate and Covid-19

April 11, 2020- As you all know, Illinois is under a stay-at-home mandate ordered by Gov. Pritzker that requires all non-essential services to be shut down and all residents to stay home. While this has had a huge impact on all businesses, it is also having an impact on the real estate market.

Read more HERE.

house at twilight

Coronavirus is not only affecting people but also local businesses

March 12, 2020 - Coronavirus is not only affecting people but also local businesses. Home buying is a very personal experience and with the sickness spreading, it's making purchases harder.

Nationwide realtors are seeing a bit of a dip in the number of prospective buyers.

Read more HERE.

Rockford’s housing market could tumble in the coming months despite strong March

April 15, 2020- ROCKFORD (WREX) — Despite the COVID-19 pandemic shutting down most of the country in March, Rockford Area Realtors say the market didn't miss a beat.

According to Rockford Area Realtors, the market grew for the fifth month in a row with the average house also selling for more money.

Read more HERE.

May 25, 2020 - Inventory shortages and rising home prices make business difficult for many area realtors. But one Stateline real estate agent is making it work despite the challenges.

"It's been getting busier and busier and busier," said Real Estate Agent Michelle Huber.

Read more HERE.

How Covid-19 is impacting home sales in Rockford

March 31, 2020 - With record-low interest rates, now would seem like the perfect time to buy a home. That's if the world wasn't dealing with a health crisis.

"It definitely changed things quite a bit. We have noticed showings dropping off about 20% year over year," said Conor Brown, CEO of Rockford Area Realtors.

Brown also said showings are down 40% from their peak earlier this year.

Read more HERE.

Rockford housing market impacted by shelter-in-place order

March 27, 2020 - The Rockford housing market continues to improve every month but the stay-at-home order might change that.

"I can't wait till there is some kind of normalcy to all of this," said Christina Campbell, Key Realty.

The spring home sales season typically ramps up in March.

"We were starting to see that and now it's kind of tapered off as far as that goes," Campbell said.

Campbell says the shelter-in-place order changed her business immediately.

Read more HERE

May 22, 2020 -COVID-19 is playing havoc on local housing numbers, as housing sales have dropped for the first time this year.

Throughout Winnebago, Boone and Ogle counties, 346 homes were sold in April, down about nearly 9-percent from the same time last year.

The price of homes is on the rise, however. The average selling price of a home was over $141,000, which was $16,000 more than last year’s average price.

Read more HERE.

house at twilight

Rockford are realtors make changes to help show homes

March 29, 2020 - Coronavirus is changing how we live work and engage with others.

Now, the virus is also changing how we sell or buy homes.

Deemed essential workers by Governor J.B. Pritzker, local realtors are still doing their job in the real estate industry.

But they are taking extra precautions if they are showing homes in person.

Read more HERE.

Rockford housing market continues to rise despite COVID-19 crisis

April 15, 2020 - ROCKFORD, Ill. (WTVO) — Despite the pandemic, the Rockford housing market is going full steam ahead. The Rockford area saw more houses sold during a month of March than the past 14 years.

Average prices for homes increased more than 10% or $12,000. Realtors sold 11 more homes this March compared to last March, making for over a 3% increase. However, the increase isn’t as big compared to January or February’s numbers.

Read more HERE.

Rockford Housing Market

Housing sales soar, but inventory remains low

March 2, 2020 - Housing sales are up in the Rockford area, and there were more than 300 new listings in January. But realtors say the market is still desperate for new homes.

Realtors say seniors are working longer, retiring later and staying in their homes for a greater period of time. This causes a lower amount of inventory to sell. "They're just comfortable with their surroundings and environment," says Roscoe homeowner Teri Abbott, who is selling her home with her husband Donald.

Read more HERE.

Rockford home sales, prices climb higher

March 2, 2020 - Single-family home sales in the Rockford region rose last year to heights not seen in more than a decade and climbed even higher in January, according to the Rockford Area Association of Realtors.

Here are a few highlights announced by the association on Monday:

Read more HERE.

Rockford-area home sales hit 13 year high

February 12, 2020 - Single-family home sales in the region soared in 2019 to heights not seen in over a decade, but the number of homes on the market remains low and home construction continues to lag.

Home sales in Winnebago, Boone and Ogle counties climbed 4.9% last year compared to 2018 sales. It’s the fifth consecutive year of home sales growth, according to the Rockford Area Association of Realtors.

Read more HERE.

Rockford Region Housing Market Says Sales Are Up But Inventory Is Down

February 12, 2020 - Housing sales are up in the Rockford area for the fifth straight year, as is the average selling price. Conor Brown is the CEO for Rockford Area Realtors. He said, "The average sales price record that we've kept is $149,000."

He said the sales and price increases are cause for celebration, but he also expressed concern for the lack of housing stock for first-time home buyers.

Read more HERE.

Rockford housing report: Millennials are buying homes

November 26, 2020 - ROCKFORD, Ill. (WTVO) — Buying a home in the Rockford area may become a little bit more affordable soon.

The Rockford Area Realtors Association reports the number of homes on the market has increased for the first time in more than five years.

Read more HERE.

Rockford housing market sales see increase in March

April 15, 2020 -ROCKFORD, Ill. (WIFR) ----- "You may not have a lot of buyer activity but for those buyers that are out there looking, they're very serious," said broker Brittany Schultz.

The March housing numbers are in and in spite of the economy's freeze amid COVID-19, the Rockford region saw an increase of 3.3 percent from last year.

Read more HERE.

Home sales plunge nationwide, Rockford home sales not as dire

April 24, 2020- U.S. new home sales plunged 15.4% in March as the coronavirus-related shutdowns that began in the middle of the month began to rattle the housing market.

The Commerce Department reported Thursday that sales of new single-family homes dropped to a seasonally adjusted annual rate of 627,000 last month after sales had fallen 4.6% in February.

Read more HERE.

May 22, 2020 – Home prices in the Rockford area hit a 14-year high last month, though the COVID-19 pandemic has slowed the region’s robust housing market, according to the Rockford Area Association of Realtors.

Single family home sales in Winnebago, Boone and Ogle counties were down about 9% during April compared with the same month last year.

Read more HERE.

May 22, 2020 -Housing sales in the Rockford area took a hit due to COVID-19. But the decline is not because the virus is deterring people from buying.

In Winnebago, Boone or Ogle counties, houses draw in buyers like a moth to a flame.

"Buyers are hungry for what's out there. If it's in good condition, good price, it's going to go quickly," said Gambino Realtors Vice President Heather Porter.

Read more HERE.

REALTORS® in the News

Young Professionals Network hosts fundraiser benefiting Family Peace Center

March 11, 2020 - 23 News Anchor Shannon Kelly had the chance to get behind the bar along with Mayor Tom Mcnamara for the Rockford area realtors Young Professionals Network celebrity bartending event. The main attraction was dare-aoke.

Read more HERE.

Rockford Area REALTORS® donate $10K to help local Family Peace Center

December 6, 2020 - The Young Professionals Network of the Rockford Area REALTORS® (RAR) showed its support this week for a project designed to help local survivors of domestic violence, sexual assault, child abuse, elder abuse and human trafficking.

Read more HERE.