The Addison real estate market is off to a slow start this year. The number of homes sold is down 68% from the first quarter of 2006 and down about 44% from 2007. Fortunately, the prices have remained about the same as last year and around 6.6% below 2006 numbers.
This graph shows the first quarter numbers from 2006 to 2008. You can see there is significant decrease in first quarter demand over the last couple of years.
Here you can see the prices over the same periods. The last two years are nearly the same even with the decrease in demand. These are only first quarter numbers and should be viewed with some care.
If you look at 12 month increments over the last 3 years the prices have actually increased. To get an accurate valuation of your home or if you are considering buying soon, contact your Addison Realtor.
This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The data represents sold detached single family homes only.
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