It's almost the last day of July and I finally have a moment to post market stats for some of my other markets, with Naperville, IL being my 3rd maket report. July has been busy for me personally and the market in certain areas has either heated up in certain price points or easing up in others.
Despite less sales in the detached home category in June of 2018 compared to June of 2017, Naperville IL still had a price appreciation of 5.3% bringing the median sales price up from $425K in 2017 to $447,500 in June 2018! With only 272 closed sales compared to last year's 285 which is a 4.6% drop in sales this is a great trend for home sellers.
Average days on market increased to 76 days from 2017's 69 days a big jump of 10.1%. Is the market slowing down or is this just a seasonal trend? We shall see what July numbers will show!
Currently we have 570 active listings, 55 "New" listings, 60 price changes and only 5 reactivated listings. The total available homes is 690. There are 258 listings under contract with only 19 listings in pending status. With most closings taking place on the last Friday of the month the important number is how many listings closed in most of July, 2018....and the number is currently 182. Agents have 3 days to put their closing in the MLS so I expect that number to be much higher as we still have two whole days of closings left in July! Check back in mid-August for those numbers!