Illinois 2nd city had a bad October with slower home sales compared to 2018. With only 95 closed sales compared to 2018's 134 it was not a treat for homesellers in Aurora, IL. Year-to-date sales also show a decrease of home sales from 2018s 1,405 closed sales to 2019's 1,075 year to date sales.
Homes under $400K are the bulk of the sales in Aurora, IL which makes it a very affordable city for today's home buyers. With an energized downtown, residents will be enjoying a bevy of new restaurants and new business' in the next six months as developers discover what a great place to redevelope buildings that have been dormant sometimes for decades. With the rental market being very strong and a Metra station in the downtown area commuters are a great niche to fill many of the proposed apartments currently being developed.
There are currently only 301 available homes in the single family category. Nineteen of those are new listings with 7 or less days on the market. With the decrease in interest rates continuing to keep mortgage rates lower than last year, home buyers have a bigger incentive to start their home search now, instead of waiting for the traditional spring market.
Don't delay and call today!