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.
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
Contingent/Under Contract - 228
Pending - 34
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