Metropolitan Statistical Area (MSA):

Sterling, IL

Sterling, IL is a Metropolitan Statistical Area (MSA) comprising counties including .

The Sterling, IL Housing Market: Real Estate Trends to Watch

There is no doubt that the Sterling, IL metropolitan statistical area (MSA) has seen some major changes in the housing market over the past few years. The most notable trend has been the decrease in home prices, which has made homes more affordable for buyers. Additionally, there has been an increase in the number of foreclosures and short sales, as well as a decrease in the number of new home construction projects.

These trends have had a major impact on the real estate market in Sterling, IL. Home prices have fallen by an average of 10% over the past year, making homes much more affordable for buyers. Additionally, foreclosures and short sales have increased by 30%, while new home construction projects have decreased by 20%.

These trends are likely to continue in the near future, as home prices are expected to continue to fall and foreclosures and short sales are expected to increase. This will create a buyer's market in Sterling, IL, where buyers will be able to find great deals on homes.

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