By Alex Gary
Rockford Register Star
Posted Apr. 5, 2014 @ 5:00 pm
ROCKFORD — The number of houses sold in March was higher year over year for the first time in 2014, but the prices of the homes sold in the first quarter were in free-fall.According to the Rockford Area Realtors, members sold 284 homes in March, compared with 266 in March 2013. The unfailingly harsh weather in January and February drove sales down in the first two months of the year.The number of sales was the good news. The rolling three-month average price at the end of March was $88,142. That was down 8.4 percent from the average of $96,204 at the end of March 2013. It’s the lowest average in the association’s records, which date to March 1998…
The association estimated 42 percent of the homes sold in March were distressed sales.
Read more by clicking on the following: Home sales rise, but prices setting new lows - News - Rockford Register Star - Rockford, IL
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