spring market: North Aurora Home Prices Up 5.5%
- 03/14/18 01:19 PM
Median Sales Price Highest In Years The median sales price right now is at $228,250. North Aurora IL home prices have been rising since December of last year and are now the highest they've been in a long time. We've seen a year-over-year increase of 5.5%.
The number of closed sales was up in February and we're projecting an early start to the spring selling season. Home buyers are out there and with only 1.7 months of housing inventory in North Aurora, we're in a sellers market. As a home seller, you can expect higher selling prices and a quicker sale.
Conventional wisdom needs to change this year when it comes to the buying and selling real estate. The beginning of 2017 has seen housing inventory levels in the Chicagoland area hit multi-year lows. Local home sellers face very low competition in the market. In a recent article by Trulia, inventory levels were shown to have dropped compared to last year in every category including starter homes, move-up homes and luxury homes. If you're waiting to sell your home until the traditional spring market, you should realize all of your competition is following suit. Everyone knows that the 2nd quarter of the year is when homeowners decide (0 comments)
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