Kimberly L. Hall

Review the attached link. It talks about College Town Real Estate Markets. Carbondale Illinois Real Estate For Sale is in a college town. Southern Illinois University falls into this category. This article is fairly accurate for our community. Over the last 20 years we have shown to remain fairly stable in down markets. With this in mind, our market normally does not see the surge in appreciation that the larger markets see. Thus, don't normally bottom out as much either. Although, this year is seeing a higher percentage of distress in the market. The inventory is higher than normal, which has hurt some sellers. At the same time, we have had a lot of homes sell for what the Seller has wanted to get for their purchase price in the last few months. - Fri Apr 11 2008, 15:50