Current News

Peoria-area home sales down 15.2 % in 3Q compared to last year

10/26/2022 10:41 AM

Oct. 26, 2022 PEORIA, IL— Despite rising interest rates and lack of inventory, 3Q is third best ever in PAAR history. Amidst a period of rising interest rates and a lack of inventory, the Peoria Area Association of REALTORS® posted the third highest number of home sales in a third quarter, topped only by record sales in the period over the previous two years.

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Average sales price for the Peoria region was $168,433 in Quarter 2, up from $154,338 over the same period in 2021

7/28/2022 10:06 AM

July 21, 2022 PEORIA, IL- The lack of homes on the market in the Peoria area remains the single biggest factor in the 15.2 percent decline in home sales for the second quarter over the same period in 2021, according to the Peoria Area Association of REALTORS®.

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Peoria Area Association of REALTORS® announces Leadership Academy Class of ’22-’23

7/11/2022 7:48 AM

Seventeen PAAR REALTORS® have been selected to participate in this year’s Leadership Academy program. We are thrilled to bring the Academy back this year and it’s going to be better than ever!

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Peoria Area Association of REALTORS® to Assist the City of Peoria

6/15/2022 12:31 PM

Peoria, IL (June 15, 2022) – The Peoria Area Association of REALTORS® (PAAR) has been selected as one of three local REALTOR® associations nationwide to participate in the National Association of REALTORS®’ (NAR) Transforming Neighborhoods Program. Through Transforming Neighborhoods, NAR collaborates with The Counselors of Real Estate® (CRE®) Consulting Corps to provide analysis, plans, and actionable recommendations to solve today’s top-of-mind real estate issues.

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Downpayment Assistance Program Announced!

5/25/2022 9:24 AM

PAAR is excited to announce the launch of the Down Payment Assistance Program grant made available through the City of Peoria. PAAR collaborated with our Affiliate Lenders and the Community Development department / Land Bank to work out the logistics of the release and application process for this grant.

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Updated Residential Real Property Disclosure Act

5/18/2022 8:23 AM

Illinois REALTORS® was able to work with the Illinois Real Estate Lawyers Association on this agreed bill that the governor signed very quickly. As the guidance document explains, there are not many substantive changes, but the Act has been made more current and clarifies some common questions. The new report should be used in lieu of the former version, effective immediately.

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Record Low Inventory in Q1

4/19/2022 11:00 AM

April 18, 2022 PEORIA, IL Inventory of homes on market drops to a record low level ... The inventory of homes on the market in the Peoria-area reached a record breaking low in the first quarter this year as sales decreased 12.2% compared to the first quarter of 2021.

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Greater Peoria 2030 Initiative

3/21/2022 1:44 PM

PAAR is excited to announce its partnership with various local organizations to better the Greater Peoria Area by 2030. Central Illinois is a special place to live, work and grow though greater affordability and connectivity that translates into a better overall quality of life for all. Greater Peoria 2030 has three life cycles: short term, 5-year and 10-year components. This initial campaign will focus on the short-term and 5-year cycles of the project.

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PAAR Welcomes New Members!

3/15/2022 2:53 PM

Please help us welcome PAAR's new members for February!

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2021 Topped the Billion-Dollar Mark Making History for the First Time!

1/18/2022 7:09 AM

January 13, 2022 PEORIA, IL- The year 2021 was another record-breaking year for home sales in the Peoria area. The Peoria Area Association of REALTORS® reported that 7,634 homes were sold in the Peoria area last year, topping the 2020 total of 6,798 homes sold.

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$6,000 Raised for 8th Annual Boots for Kids Campaign

12/22/2021 11:24 AM

December 21, 2021- Macomb, Illinois. Lamoine Valley REALTORS®, Chapter of the Peoria Area Association of REALTORS® held its 8th Annual Boots for Kids campaign throughout the months of November and December.

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Nancy Koch Scholarship & GRI Designation

11/8/2021 9:22 AM

The PAAR CARES Foundation is accepting applications for those interested in earning the Graduate REALTOR® Institute Designation through the Nancy Koch Scholarship.

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Peoria-area Home Sales Up 14 Percent in 2021!

10/19/2021 12:47 PM

October 15, 2021- PEORIA, IL. Home sales in the Peoria area are up 14.4 percent through the first nine months on 2021 over the same period last year, according to the Peoria Area Association of REALTORS®.

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Chili 'Koch' Off to benefit the Nancy Koch Scholarship

10/13/2021 8:14 AM

Chili 'Koch' Off to benefit the Nancy Koch Scholarship on October 20th!

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New PAAR President & Board Installed

New PAAR President & Board Installed

9/27/2021 10:22 AM

PAAR's new President, Ryan Cannon, along with the entire leadership team were installed during the Annual Installation of Officers & Directors held Thursday, September 23rd at the Paradice Hotel.

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New CEO Announced

New CEO Announced

8/17/2021 10:00 AM

Jennifer Hamm announced as the new CEO at the Peoria Area Association of REALTORS®.

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Home Sales Up 37%

Home Sales Up 37%

7/21/2021 7:12 AM

Home sales in the Peoria area were 37.5 percent in the second quarter this year over the same period in 2020, according to the Peoria Area Association of REALTORS®.

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Home Sales Still Soaring

PAAR President featured on News 25

6/16/2021 12:01 PM

Since July of last year, Peoria Area Association of REALTORS® President Jason Catton said since June of 2020 an average of 621 homes were sold per month. Catton said numbers like that have not been seen since 2005, which was caused by new construction.

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Homeownership Month

June National Homeownership Month

6/14/2021 2:39 PM

Each year during the month of June, the Peoria Area Association of REALTORS® takes the opportunity to celebrate homeownership by showcasing individual homeowners, government officials, and various programs that protect and promote the American Dream of Homeownership.

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Bras For The Cause

6/9/2021 8:25 AM

Join Us For Bras For The Cause, Thursday, August 5th! Watch for more details!

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