We Value Bloomington-Normal

BLOOMINGTON — Far fewer people bought new homes in Bloomington-Normal in 2006. Twin City new home sales dipped 14.2 percent from 2005, contributing to a decline in overall home sales in the community, according to a report by the Bloomington-Normal Association of Realtors.

Total new home sales for 2006 were 483 new homes, down from 563 the year before. Sales of existing homes were up 2.7 percent from 2005, but it wasn’t enough to close the gap in total sales.

Total home sales in 2006 totaled 2,918, 15 less than 2005 — although still enough for the year to rank second best in total sales since 1995.

And the number of existing homes sold in 2006 — 2,435 — was a record for Bloomington-Normal, said Michael McGaughan, executive officer of the association.

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