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Where Are Homes Selling in The Fox Valley?
If you live in one of these Fox Valley neighborhoods, you should sell!
As we've been blogging about for the last several months, conditions are favorable in many Fox Valley neighborhoods to sell your home right now.  Buyers are plentiful and housing inventory is low making for a perfect sellers market.
If you live in any of these neighborhoods and have considered moving, now would be the time!
The following data was compiled from the Multiple Listing Service on Tuesday, February 2nd, 2016.  It looks at any Fox Valley neighborhood that had 5 or more homes close in the last 6 months.  This is a good indicator that buyers are interested in these neighborhoods.
Next we looked at how many homes are currently for sale and this gives us the current months supply of housing.  A stable housing market is one in which there is 5-6 months worth of inventory.
Anything below that and we're in a sellers market where a home seller can expect a quicker sale and higher than normal sales price.  Anything over 6 months worth of inventory puts us in a buyers market where the number of days on market increases and sale prices begin to dip.
So let's see what we're looking at throughout the Fox Valley.
St ... more

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