Northern Illinois still has considerably cold weather compared to last year when we were in the 80’s on some days. Although the weather isn’t where we would like it buyers are still buying homes. However, these buyers are finding less to choose from. In February of 2012 there were 4,016 single family homes for sale in DuPage County and 2,728 attached homes for sale. Last month, February 2013, there were only 2,822 single family homes for sale and only 1,607 attached homes for sale. A decrease of 29.7% for single family and 41.1% for attached single family.
What does this mean for our market? Yes, we are in a sellers market. Depending on how accurately an agent listed a home the property could sell relatively quickly. The property may also end up in a multiple offer situation. For every home I’ve listed in the past 6 months the home had multiple showings and went under contract almost immediately.
Home values may not be where we want them but we’ve definitely started the up turn for the DuPage County market. For statistics on your specific city contact me today. Email, facebook, LinkedIn or twitter. . email@example.com
Click to see the Median Sales Price for Du Page. February 2013