Hard to believe that the year is 3/4's over...fall is around the corner as overnight temperatures drop to low 50's in the Aurora, IL area already. It was a busy August for Illinois' 2nd city as limited inventory levels in one of the most affordable cities made a big dent in closed sales over 2016.
Currently there are only 359 available homes in the single detached category! With Aurora having a population of over 200,000 this is one of the lowest levels in years. Out of those 359 there are 33 brand new listings, with another 26 listings showing price changes and only 4 reactivated listings.
Closed sales for August, 2016 were 190 sales compared to 2015's 149! Very strong showing for the last month of the traditional "buying/selling" season. As the real estate market continues to change "traditional" is also changing.
Already in September we have 45 pending sales and 251 transactions under contract - almost the same amount of active listings in a large market like Aurora, IL. Year-to-date sales are at 1,228 for 2016 vs. 1,206 in 2015.
As more and more people turn to more affordable housing, Aurora, IL stands out as a great place to move to. It was named number one of the top 10 cities (7) out of the top 150 cities in the nation to raise a family according to WalletHub!
The City of Lights is shining brightly in 2016 and I am very proud of my hometown! Contact me if you are ready to take the next step and move to Aurora, IL!