Aurora Market Update

Hello Area Home Shoppers! As the weather improves and the sun once again makes an appearance, often the local Housing Market gets re-energized. For those who are looking to BUY or SELL in the coming weeks, take a look at the latest numbers you need to know located just below. Extracted directly from the MLS of Northern Illinois, this data can be an effective tool for BUYERS looking to make an offer on a home, as well as SELLERS who are considering entering the market place.

Unfortunately, throughout Kane County and the surrounding areas of Kendall, DuPage and Will Counties, Foreclosures are on the rise. It's unfortunate, however to a savvy BUYER, purchasing a Foreclosure can represent a tremendous opportunity to purchase a home in a desireable neighborhood that otherwise may be out of reach.

Mortgage rates (click for latest rates) continue to stay near all time lows, which combined with a sustained high level of residual inventory, makes for a great situation that BUYERS haven't seen for over 10 years! If you're considering BUYING or SELLING, the time is now - don't wait to any longer.

Source of Data - MLSNI 3/13/2008 - data for 12 month period - Aurora, Illinois

If you would like more information on what exactly these numbers can mean for you and your situation, just call (630) 452-1648 anytime or send me an email at Joseph.Graham@coldwellbanker.com and I'll be happy to lend a hand.

You may also like to get an idea of what you could expect to NET from your home sale in today's market.  If you'd like to take advantage of my FREE Over-The-Net Home Evaluation Tool, just Click Here.