A Multiple Listing search of Villa Park, IL, today shows that the number of homes sold over the last 12 months is about half of the number from three years ago, but the prices are almost the same.
Similar to the national media claims, the graph above shows that the demand for homes has slowed.
The bar graph above shows the mean price of homes sold in the same time frame. Notice that the price from about 3 years ago is very close to what the prices are over the last 12 months have been and he price in the 12-24 month range actually went up about $19,000. Today's Villa Park property values are only a couple of hundred dollars less than 3 years ago.
When you hear things on the news about the housing market, understand that each local market can be very different. You can see that even though the national media says the prices have been dropping steadily over the last few years, the Villa Park market has remained about the same. If you would like to receive an accurate valuation of your property, contact your Villa Park real estate agent.
This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The data included detached single family homes only.
Comments(0)