A recent Multiple Listing home search for Wood Dale, IL, shows that the number of homes sold has increased in the 1st quarter of 2008 verses 2007 and is only about 24% less than in 2006. See the graph below.
Comparing the first quarters of 2007 and 2008 we can see that the number of homes sold has doubled.
As this graph shows, the value in the first quarter of 2007 spiked, but may be scewed since there were only 8 properties sold in that period. To get a more complete view of the Wood Dale market take a look at the annual numbers from March 2, 2008 dating back 3 years. If you compare the annual numbers to the 1st quarter of this year the values are about the same as 25-37 months ago, but a quarterly value is only a small segment.
The point here is that there has been a nice increase in the number of homes sold in the first quarter and if this continues throughout the year the home values could increase as well. To get an accurate valuation of your Wood Dale home or if you are considering buying soon, contact Richard Parr, Realtor.
This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The data included only detached single family homes.