With all the Christmas decorations put away and holiday memories starting to fade let's look at the unofficial numbers for Oswego, IL single family home sales in December 2022:
Closed Transactions - 42
There were 48 closed transactions in December of 2021 as a comparison. Considering the interest rate hike sales were not that bad.
The breakdown of how prices ended up:
List Price - 7
Over List Price - 7
Less Than List Price - 18
The slowdown continues as buyers stand back or out priced with current interest levels over 6.5% despite several weeks of interest rate declines.
There are currently 43 available single detached homes available:
New Listings - 7
Reactivated - 1
Price Change - 1
There are 10 Private Listings* in various showing availability.
Homes under contract: 32
Pending: 1
Closed - January 1 to January 8 - Zero
The continued interest rate hikes and the seasonal slow down has iced buyer motivation just like the polar vortex iced the population.
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