MURPHYSBORO (WSIL) — Although the economy has taken a hit due to the coronavirus, there’s one market that’s currently doing well. A local realtor says don’t give up if you’re looking for a new home.
According to data from Illinois Realtors, in May, COVID-19 made an impact on home sales and inventory, but median prices remained stable, dropping to only 1.4%.
“People are still needing shelter no matter what, so real estate still continued to be needed,” said Exit Realty New Beginningz owner T.C. Mueller
She says the market is booming and clients have been writing contracts.
“Oh my goodness. I’ve shown lots of homes, anywhere from 20 to 30 homes. I’ve had multiple clients who have been interested in purchasing and even listing their homes,” she said.
Client Sarah Archer, who’s moving back to Murphysboro, says this is still a good time to work on moving plans.
“We’ve been looking to invest, maybe get a little more real estate and we figured this is a great time for it,” she said.
Mueller says the first step is just calling your local bank to get pre-qualified.
“Interest rates were about 4.75, 4.5 was a great interest rate. Now, interest rates are as low as 3%,” she said.
And continue working on your housing projects.
“First thing a person sees before they even enter a home is your landscaping. Making sure that your lawns are manicured, that your plants are water in the evening, so when you’re looking at a home, it’s picture-perfect,” she said.
The president of Illinois Realtors expects buyers and sellers will head back into the market as the state continues to reopen.