Maloof Reaches Into Bloomington-Normal Housing Market With Crowne Merger

The leaders of a newly combined real estate company are bullish on the housing markets in Bloomington-Normal and Peoria, despite slowing sales and a dip in prices in 2019.

There were 2,408 home sales in McLean County in 2019, down 6.2% from 2018, according to Illinois Realtors. The average price of a home fell 3.6% to $159,000.

Low inventory continues to be a drag on the Bloomington-Normal market, especially in the $150,000 to $275,000 price range, said Tammy Heard, executive vice president at Peoria-based Jim Maloof/Realtor, which recently merged with Heard’s Bloomington-based Crowne Realty. There’s also been less corporate relocation, she said.

CLICK HERE to the read the full story on WGLT.com and listen to the interview!

Posted on January 23, 2020 at 4:32 am
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