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Phone: (618) 524-3000


Email: info@farmerco.net


Address: 701 E 5th St. Metropolis, IL 62960

October 2018 Market Update

Tiffany • November 2, 2018

October Market Hit a Snag?!?

As you can see below, October 2018 saw alot of homes being listed.  Sales really hit a snag though…or did they?  While the number of homes closed in October dropped quite a bit from September, what the report doesn’t show you is the activity we have coming up.  

*All figures were compiled from the Multi Listing Service and 
represent listings and sales of licensed REALTORS.  
These figures do not include For Sale By Owner properties. 

Let’s Break it Down 

Massac County only had 8 residential listings close in October.  Of those 8, Farmer & Company Real Estate represented buyers and/or sellers of 7.  The average sold price was only $41,244!  That is quite a shocking number. What the report doesn’t tell you is that of the 8 homes that sold, 3 were foreclosures, one of which only sold for just over $5,000.  Three other homes that sold were owned by estates and the heirs simply did not want to own the homes.  The prices these homes sold for are reflective of this.  

Look on the bright side…7 of the 8 homes that sold in October will be remodeled, increasing the value of the homes as well as the tax base of Massac County.  Some of these will be “flipped” – or put back on the market for sale after the remodel is complete.  Others will become the primary residence of the buyer.  Either way, homes which may have been an eye sore in their neighborhood, will be cleaned up and updated, improving the neighborhood and possibly helping to increase property values of adjacent homes.

21 homes went on the market in Massac County last month. Farmer & Company Real Estate represents the sellers of 16 of these homes. 3 of the homes are already “Sale Pending”. While the number of residential listings on the market has actually increased, there are also several homes in “Sale Pending” status. Our agents represent buyers and/or sellers of 9 homes that are “Sale Pending” and several that are currently in negotiations over price and other contingencies.  We expect that 2018 sales figures will at least meet and should surpass 2017.

Give us a Call!

With many new homes on the market, there are some great deals and beautiful homes available.  If you’ve thought about buying a new home, feel free to give us a call!  We have REALTORS licensed in both Illinois and Kentucky and offices in both Metropolis and Vienna for your convenience.  You can reach our Metropolis office at 618-524-3000 or the Vienna office at 618-658-2600. In the meantime, browse all of our listings here.

A Review of the 2018 Real Estate Market

By Tiffany • January 31, 2019
Let’s review the 2018 Real Estate Market!  Can you believe its almost February?  We’ve hit the ground running in 2019, but I want to take a minute to review the 2018 real estate market with you.  As you can see above, there were alot of homes sold in Southern Illinois and McCracken County KY in […]

November 2018 Market Update

By Tiffany • November 30, 2018
Slow Down? There were quite a few less new listings throughout our southernmost Illinois counties in November. There weren’t too many closings this past month either. As you can see though, in Massac County, the residential properties that closed had all been on the market quite some time.  The average days on the market for […]

What Should You Expect During A Home Appraisal?

By Tiffany • November 9, 2018
Whether you're a home buyer or seller, learn about what a home appraisal is and how it can affect you purchase or sale of a home.

All About Home Inspections

By Tiffany • October 26, 2018
What is a home inspection? A home inspection is an examination of a home from top to bottom, inside and out, by a licensed home inspector.  Following the inspection, a written report is provided to the homeowner or the buyer.  The report includes details about the condition of the home’s heat & air system, windows, […]

Let’s Talk Curb Appeal!

By Tiffany • October 5, 2018
If buyers don’t like the outside of a home, they may not want to see the inside.  Adding curb appeal to your home can help sway a buyer to WANT to see your home! First Impressions Mean Everything! How many times have you made a decision based on your first impression?  The same goes for […]

September 2018 Real Estate Update

By Tiffany • September 28, 2018
The September real estate market has been hopping! At the end of each month monthly Real Estate Trends report will be posted to our blog.  This report will include the number of new residential listings, sales, average sold price and days on the market.  We will report these figures for Massac, Johnson and Pope counties […]

21 Tips to Sell Your Home Quickly

By Tiffany • September 21, 2018
There are many things you, as a seller, can do to help us sell your home quickly.  This list of tips are things you should consider doing before putting your home on the market.   1.  Declutter Get rid of all your extra stuff!  If you’re selling your home, you will also be moving.  You don’t […]

The Fall Real Estate Market

By Tiffany • September 10, 2018
Summer is coming to an end.  While Spring and Summer seasons are typically the best times to put your property on the market, 2017 proved this wrong.  Last year the fall and winter months were just as busy for us as spring and summer months.  Homes & property were selling like crazy!  2018 is on […]

Farmer & Company’s New Website

By Tiffany • November 23, 2015
Welcome to Farmer & Company Real Estate’s newly designed website and blog. We hope that you find our new website easy to navigate when searching for properties and also full of valuable information, whether you’re a buyer or a seller. In honor of our very first blog post – I wanted to give you the 5 […]
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