I just compared data for closed properties in Naperville Illinois for October 1st 2005 thru October 31st 2005 and compared it to the same time this year.
Findings:
#1-27.74% less homes closed in 2006.
#2-The homes that did close took 21.68% longer than the homes closed in 2005. (101 days in 2006 vs. 83 days in 2005)
#3-The sale Price to list price ratio dropped from 97.12% in 2005 to 96.21 in 2006.
#4-The average sale price of closed properties rose in 2006. 17.45%
I think it's interesting that the prices are going up but the volume is going down? I will be keeping an eye on these stats month by month. If anyone has a comment or opinion on what exactly might be causing this to happen please feel free to contact me.
Enthusiastically,
Scott Gerami-ABR,GRI,e-Pro
Broker Owner
Real Time Realty,LLC.
630-357-4800-Direct
630-769-8051-Fax
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