Home prices up in Rockford - WREX.com – Rockford’s News Leader

Home prices up in Rockford

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ROCKFORD (WREX) -

The average price for a home in Rockford hit a 19 month high in July.

The three-month rolling average price of a home in Rockford was $112,679 last month, 9.7 percent higher than the average price in July 2011.

The number of homes sold also increased last month from 318 properties in July 2011 to 364 in July 2012. Thirteen out of the last fourteen months have seen year-over-year increases in homes sold by Rockford Area Realtors association members.

So far this year, 2,063 homes have been sold in the Rockford area; 1,734 homes were sold during the same time period last year.

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