Quincy-Hannibal, IL-MO

There is no doubt that the Quincy-Hannibal, IL-MO combined statistical area (CSA) has seen some ups and downs in the housing market over the past few years. However, there are some definite trends that have emerged in recent months that are worth noting.

For starters, it appears that prices in the CSA have finally begun to stabilize after a period of volatility. This is good news for both buyers and sellers who had been struggling to predict what the market would do next. Additionally, inventory levels have also started to improve after reaching record lows earlier this year. This means that buyers now have more options to choose from when searching for a new home.

Another trend worth mentioning is the increasing popularity of “fixer-upper” properties. With prices stabilizing, more buyers are willing to take on a project home knowing that they will be able to sell it for a profit down the road. This is especially true in desirable neighborhoods where competition for listings is high.

Overall, it seems like the CSA’s housing market is finally starting to turn a corner after a rocky few years. Prices are stabilizing, inventory levels are improving, and fixer-uppers are becoming more popular. These trends should provide relief for both buyers and sellers who have been struggling to navigate the market during these uncertain times.