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Rockford Housing Market

Rockford area real estate market posts its best October since 2006

November 30 - The effects of the pandemic are forcing many residents to stay home, but some are choosing to continue their quarantine in a new home instead.

The average price for a home sold in the Rockford area was up about $13,500 in October compared to the same time in 2019. The three-month rolling average price of a home sold in Winnebago, Boone, and Ogle counties reached $155,886, a figure that has never been seen in the area for the month of October, according to the Rockford Area Association of Realtors.

The 512 homes sold in October are the most for the month in 15 years, when 562 properties were sold in October of 2006.

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Loves Park moving company says business is booming

November 30 - Business is booming at Loves Park Two Men and a Truck, and Marketing Director Shannon Eden thinks she knows why.

“We’ve seen people that want to move their loved ones out of senior living facilities just because they want to get them out of that high risk situation and we’re a company that’s well equipped to do that,” said Eden.

Rockford Area Realtors CEO Conor Brown says low interest rates along with higher average sale prices could contribute to the boom.

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Record-breaking Rockford housing market continues to climb

November 30 -While the COVID-19 pandemic has caused problems across multiple industries, the local housing market continues to climb.

Area realtors say homes are selling within 30 days of hitting the market and they’re selling for over $13,000 more than this time last year, averaging just under $156,000.

Conor Brown with Rockford Area Realtors says a lot of those buyers are moving.

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Stateline sees home buying surge as people move to midsize cities

 

December 10, 2020- As 2020 comes to a close, more families are reconsidering where they want to put down roots, moving from big cities back to the Stateline.

In the midst of the coronavirus pandemic, millions of Americans are choosing to reassess their living situations and buy a new home.

“People kind of look inward during difficult times, and while it this year is definitely been unpredictable, I think the prioritization has been what they see in their home and so people are willing to make those significant investments and maybe it’s a shift of focus or priorities,” said Rockford Area Realtors CEO Conor Brown.

Read more HERE.

Rockford housing market booms, home flipped sells in 8 days

December 22, 2020 - Rockford Area Realtors CEO Conor Brown says homes are flying off the market, and selling for nearly $21,000 more on average than last year. A trend he doesn’t expect to slow down anytime soon.

“This November has been totally unlike any November we’ve had,” said Brown. It shattered all sorts of records. Buyer demand is so strong and with interest rates being so incredibly low we’re going to continue to see some of those high housing in terms of growth, price and volume.”

Bill Roy co-owns Roy’s North Shore Construction Company. He purchased and remodeled a Rockford home, and eight days after putting up a for sale sign Roy was able to replace it with a sold sign.

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Home buyers will soon have to shop new construction in Rockford as homes selling quickly

December 22, 2020- Recent housing data show more people are planting their roots in the Forest City, with both new construction and pre-existing homes selling quickly.

According to November housing statistics from the Rockford Area Realtors, a home in the Rockford area lasts just 31 days on the market, on average.

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“With our overall housing inventory half of what it was last year, it’s so incredibly low that people will have to start turning to new construction if they wanna move into a new home,” said Rockford Area Realtor CEO Connor Brown.

Rockford housing prices at record-high in November

December 22, 2020 - Housing prices in the Rockford housing market reach another all-time high.

Rockford Area Realtors says in November of 2020, the three-month rolling-average price of a home was $160,533. In November of 2019, that price was $139,333. The previous record was set in September at $158,240.

465 homes were also sold in November of 2020 compared to the previous year's total of 367. There were also only 574 homes available last month. That is the lowest level of inventory every available in the local market.

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Rockford housing market thriving despite pandemic

January 1, 2021- Although many industries have been negatively affected by the coronavirus pandemic, the local housing market has been doing quite well, according to local sales data.

More homes are being sold and at higher prices as mortgage rates have dropped.

The housing market has been bustling here and across the country. According to a new report from Redfin, which collected housing market takeaways for more than 400 U.S. metro areas during the four-week period ending Dec. 20, pending home sales were up 34% year over year. In the single week ending December 20, pending sales were up 30% from the same week a year earlier.

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Study shows how many people in Rockford moved in the last year

January 15, 2021- In the past year, thousands of people have moved. Now we have an idea where those people came from.

According to a study from Construction Coverage, Rockford ranked as the 76th most transient small city in the United States. The study also found:

  • 15.4 percent of population moved in the past year.
  • 21,747 people moved in the past year.
  • 16,460 people moved within the same county.
  • 2,906 people moved from a different county, but stayed within the same state.
  • 2,144 people moved from a different state.
  • 237 people moved from abroad.
  • 13.8 percent of the population is age 20 - 29.

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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.

Three local REALTOR® associations support their communities

August 14, 2020- Members of the Heartland REALTOR® Organization (HRO) of greater McHenry County, the REALTOR® Association of Northwestern Illinois (RANWIL) and the Rockford Area REALTORS® showed their community spirit in memorable ways during the COVID-19 pandemic.

As inspiration for their actions, the local associations drew from the RPAC Hearts for Healthcare Workers Challenge.

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Rockford Area Realtors teams up with local food bank this holiday season

November 19, 2020- A group of Stateline realtors teamed up with the Northern Illinois Food Bank to ensure the community doesn't go hungry.

Rockford Area Realtors usually hosts an annual holiday event where people donate funds and the groups donate the money to a local non-profit. This year, because of the pandemic, it wasn't able to host the event.

Read more HERE.

Rockford Area Realtors contributes to Rebuilding Rockford campaign

January 21, 2021 - The Rockford Area Realtors presented a $10,000 check to the community-led Rebuilding Rockford Campaign to express support for the extension of a city of Rockford public roads and infrastructure referendum that will appear on the Consolidated Election ballot on Tuesday, February 23, 2021.

Rockford Area Realtors supports the community-led campaign with $10,000 to continue its efforts to educate voters on the extension of the 1 percent public roads and infrastructure sales tax.

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