"For Sale" signs aren't taking root like they have during the past several years ago — a strong indication that the local economy continues to improve.
And while the pace of home sales is still far from the boom years in the late 1990s and early 2000s, the market is trending upward again and home buyers are snatching up properties quicker than before.
According to the Kankakee-Iroquois-Ford Association of Realtors, homes sold in July spent far less time on the market than in recent years.
In Kankakee County, for example, homes spent an average of 137 days on the market last month. In July 2012 it was 145 days. The year before that, 154 days.
In Iroquois County, the reduction was even more dramatic. The days on market for July 2011 was 266; July 2012, 181 days; and July 2013, 115 days.
In Will County, days on the market for July 2013 was 109; July 2012, 136 days; July 2011, 163 days.
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