The Median Price per Square Foot reached $153.97 in Peoria last month, a 6% increase YoY from last February.
An optimist would see the slope of the chart continuing upward, and would point to the last few years showing strong price appreciation in each of the six-month periods following February. A cynic might notice that last month’s 6% YoY is smaller than the YoY comparison from prior Februaries (7% in 2018 and 11% in 2017.)
Your humble chart marker is looking at the past results and not forecasting future performance, so I’ll simply point them both out.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.