Payne Family Homes - Blog

Real estate briefs for May 9

Home sales rise

Sales of existing homes rose 15 percent in St. Charles County during the first quarter of this year, compared to the same period in 2009, the St. Charles County Association of Realtors announced.

The median home price rose during the same period to $169,000, an increase of $2,000 over last year, according to the association’s news release.

In a further sign of the rebounding market, 26 percent more homes went under contract during the first quarter of this year than during the same period in 2009, the association said.

“The real estate market in St. Charles County continues to rebound from the challenging times of the last couple of years,” said association President Joe Sahrmann. “The combination of stable home values and near-historic low mortgage rates make this a unique opportunity for those thinking about buying a home. We have not seen homes this affordable in many years.”

The St. Charles County Association of Realtors is the largest trade association in St. Charles County, representing 1,600 Realtors and affiliates.

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