Affordability Drives Aurora, IL 38.9% Drop In Available Homes

By
Real Estate Broker/Owner with Heart Realty Group, Inc.. IL-471.002355

Illinois' 2nd city home sales are being fueled by its variety of housing stock and affordable homes.  With a 38.9% drop in inventory from February 2016's 2.9 months to the current level of 1.1 months buyers will have to be more aggressive when they find their dream home.

Aurora Fox River View

In February 2017 there were 88 closed transactions vs. 2016's 85 transaction.  About 3 homes per day in February 2017 were sold.  Currently inventory* level breakdowns are listed:

 

Active - 213

New - 38

Ractivated - 7

Price Changes - 23

Total:  281

 

Contingent/Under Contract - 228

Pending - 34

Total: 262

 

With increase in downtown revitalization - the Paramount Art Theater, Waubosee Community College, 

Leland Tower Apts., Elk Club, new restaurants, amazing arts & music cultural scene, new Public Library, Hollywood Casino, RiverEdge Park, Roundhouse expansion and many more private investments...Aurora is set for a breakthrough as more people see its potential!

 

Ready to buy or sell in Aurora, IL?  Give Heart Realty Group a call....after all this is my hometown and I love that its hidden beauty is being rediscovered!

 

*As of 3/10/2017 based on current MRED information

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

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Rainmaker
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Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Call Evelyn Santiago, Managing Broker Heart Realty Group, Inc. Real Estate Broker/Owner with Heart Realty Group (630) 896-9999 via Oswego, IL.

Mar 10, 2017 08:28 AM #1
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Rainmaker
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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.

Passionate About Real Estate & Our Clients!
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