Rockford area homes are selling much faster than year ago - WREX.com – Rockford’s News Leader

Rockford area homes are selling much faster than year ago

Posted:
ROSCOE (WREX) -

Homes are selling in the Rockford area at a much faster rate than they were a year ago. Anyone who has had to sell a home can tell you it's usually pretty stressful trying to keep things clean and looking perfect for months at a time. But one Roscoe family did not have to do worry about that for long.

"We were amazed that we were able to sell it again in 4 days," says Lupe Garivay.

The new housing trend does not have all Rockford area homes are selling that fast but it is improving. Rockford Area Realtors report last year the average home sat on the market for more than nine months. Now homes sell in a little less than six months on average. That's a three month drop. The Garivays actually know how much a waiting game the housing market can be because they had first tried to sell their home back in 2010.

"It was kind of stressful for a good six months then it didn't sell, then put it back on for another six months and it still didn't sell and that's when we decided it's not going to so let's just take it off for awhile," says Mary Garivay.

The Garivay's also dropped the price of their home when they first tried to sell it but this time they got the exact asking price. They are not alone. The real estate data provider CoreLogic says the price of homes rose in April by 12 percent, the most in 7 years.

"I don't know whether it's the market or we just got lucky but I would probably say it's the market," says Lupe Garivay.

Not only did the Garivay's sell their home in four days they also bought a condo in just one day.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WREX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Trista Truesdale at (815) 335-7856. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.