Recent Real Estate Stats for Naperville Illinois
2004 Home sales in Naperville (Single Family, Condos & Townhomes) | |||
| TOTAL LISTINGS | AVERAGE DAYS ON MARKET | MEDIAN PRICE | AVERAGE PRICE |
| 3348 | 52 | $320,000 | $354,484 |
2003 Home sales in Naperville (Single Family, Condos & Townhomes) | |||
| TOTAL LISTINGS | AVERAGE DAYS ON MARKET | MEDIAN PRICE | AVERAGE PRICE |
| 3323 | 35 | $295,000 | $326,072 |
Information gathered from MLSNI (may not reflect all sales in Naperville) | |||
While the market times appear to be a little longer, the definite price trend is up. The higher market times could partially be a reflection of tougher MLS policy towards re-lists.
Posted by Angus at 11:02 PM
Del.icio.us
2 Comments
MLS is wise to police the practice of canceling a listing when it starts to get stale and popping it up as a new listing. When relisting gets going it really skews the statistics. Market times are a useful early indicator of the trend, but only if they are consistently reported.
I agree Niel, thanks for your comments. This is probably the first time that we've had a relatively accurate Market Time statistics since I got into the real estate business in 1989.
Post a Comment
« Home