ROCKFORD — September was one of the strongest months ever for the region’s residential housing market, according to the Rockford Area Association of Realtors.
There were 503 single-family homes sold in Winnebago, Boone and Ogle counties last month, marking a 10.5% increase compared to September 2019 and the highest sales volume for the month in 15 years.
The average sale price of a home last month was $158,240, a 9% increase compared to September of last year. It’s also the third consecutive month that home prices have hit record-breaking highs.
Single-family homes sold in the area during September were on the market for an average of 31 days. A year ago last month, homes were on the market for an average of 36 days.
“The surging real estate market in Rockford continues to climb,” Rockford Area Association of Realtors CEO Conor Brown said in a news release. “The momentum is