Local prices mirror a national trend, with a few notable exceptions
ROCKFORD — Home sale prices in the region rose to a new record high in June, mirroring a national trend that has seen soaring costs coupled with years of a low supply of houses for sale.
The three-month rolling average price of a home sold in Boone, Winnebago and Ogle counties hit $226,786 in June, according to the latest data from the NorthWest Illinois Alliance of Realtors. That’s $2,380 more than the previous record of $224,406 in September.
The local numbers were released Thursday, a day after National Association of Realtors data showed a new record average of $435,300 in June. The national average sale price is up 2% from a year ago, but prices are rising even faster in the Rockford region. June’s record high prices are up 6% from the same month a year ago…