Friday, January 21, 2005

Recent Real Estate Stats for Naperville Illinois

2004 Home sales in Naperville (Single Family, Condos & Townhomes)

TOTAL LISTINGSAVERAGE DAYS ON MARKETMEDIAN PRICEAVERAGE PRICE
334852$320,000 $354,484

2003 Home sales in Naperville (Single Family, Condos & Townhomes)

TOTAL LISTINGSAVERAGE DAYS ON MARKETMEDIAN PRICEAVERAGE PRICE
332335$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

  1. Blogger Niel Thomas posted at 9:17 AM  
    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.
  2. Blogger Angus posted at 3:59 PM  
    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.

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