Below zero temperatures and snow did not stop home sales in Yorkville, IL in February with 25 closed transactions last month compared to the 20 posted in 2014. With current active listings at 151 and only 9 of those being new listings and 8 having price adjustments, steadily increasing inventory levels are anticipating a strong spring market.
The average sales price only dropped 3.3% from 2014's $236,725 to $228,894 for 2015. The median sales price dropped 8.1% to $222,750 from 2014's high of $242,500. Year to date sales have increased slightly to 46 closed transactions from 2014's 40 closed sales.
Will we see continued price drops or will prices rise steadily like in neighboring Montgomery? With only 33 listings currently under contract and only 6 pending transactions March should prove to be interesting.
Ready to put your Yorkville home on the market? Wondering how much its worth? Give Heart Realty Group a call and get a detailed home consultation for your subdivision today!
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