aurora real estate: December Market Trends - Aurora Illinois
- 01/07/07 06:33 AM
December Market Conditions Detached Style Single-Family Homes The median price of homes on the market in Aurora rose slightly in the month of December, going from $224,900 in November to $226,900 in December. That's the good news. Unfortunately, the average price of homes sold during the same period fell sharply from $207,500 in October to $186,250 - a $21,250 drop in the median and the lowest figure since January of 2005. The number of homes on the market again dropped substantially during the month of December, from 1,304 units to 1,127. During that time, the number of homes sold rose slightly … (0 comments)
aurora real estate: Housing Slowdown a Wakeup for High-Risk Mortgages?
- 01/07/07 06:27 AM
2006 was the year of the slowdown in many real estate markets throughout the country. In fact, December median sales prices for my local market posted a return to January 2005 levels. But perhaps this figure isn't completely bad. For years, buyers have been willing to purchase a home with no or little money down - counting on home value appreciation that would allow them to refinance in a few years to get rid of PMI. As the market slowed in 2006 to negative appreciation, perhaps some of the drop in median sales price represents a "wake up" to buyers who otherwise might … (4 comments)
Up to date real estate information about homes and land in Northern Illinois. Tips, news and topics from the Fox Valley region and surrounding communities.
December Market Conditions Detached Style Single-Family Homes The median price of homes on the market in Aurora rose slightly in the month of December, going from $224,900 in November to $226,900 in December. That's the good news. Unfortunately, the average price of homes sold during the same period fell sharply from $207,500 in October to $186,250 - a $21,250 drop in the median and the lowest figure since January of 2005. The number of homes on the market again dropped substantially during the month of December, from 1,304 units to 1,127. During that time, the number of homes sold rose slightly … (0 comments)
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