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Home sales still soaring in Peoria

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PEORIA (WEEK) -- Home buying continues to break records and one of the hot spots is the River City.

Since June of last year, Peoria Association of Realtors President Jason Catton said they have seen an average of more than 600 housing units sold every month. Catton said numbers like that have not been seen since 2005, which was caused by new construction.

Today, people are buying older, historic homes, looking for more space.

"Because the inventory is low, as long as we still have people coming to our communities, moving to our area, for the affordability, for the jobs, it will probably stay on pace, really the only thing that...would slow this down is job loss or interest rates going up," said Catton.

Peoria has also been helped by remote work becoming more and more popular. People don't necessarily have to find work in the area to live in the area.

Andy Weber

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