A few interesting stats for our Naperville market:
As of 12/31/2006, there was a total of 848 single family homes on the market. Average list price: $739,588 Average days on market: 204
So, there's still lots of more expensive homes just sitting.
And, what's sold this past year? We have 558 homes sold, or 65% of the market. Average sold price: $507,583 Average days on market: 97
With the list-to-sell ratio at 96%
And, the less expensive homes are selling much faster. These stats are courtesy of the Northern Illinois Multiple Listing Service, MLSNI.
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