The month of July in the Fox Valley has been good. The market conditions have upturned in the Valley. We had 911 properties sold in July that is a surprising 21% increase from the same period in 2006. That puts the total number of homes sold in 2007 at almost 5300 properties. That is an increase of 700 units over last year. The total sales for July alone were over one quarter of a billion dollars.
The news of the Fed considering dropping rates again and the sellers who have caught on to the market make this a great time to buy real estate. If you are looking to purchase September may be the right month to do so.
This information ws compiled from the statistics from the Multiple Listing Service of Northern Illinois
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