Price Drops

September 11, 2014

In the two weeks leading into 9/8/14 there were 2,329 price changes in my entire Multiple Listing Service (so, in Northern Illinois). 2.1% of those were either zero change in price (don’t get me started on agents that do that) or price increases. That leaves us with 2,270 single family houses that reduced their asking [...]

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Grundy County Stats August 2014

September 9, 2014

Like yesterday’s post about single family housing statistics in Will County, today I give you the numbers for Grundy County in August of 2014. Of significance to me is, like in Will County, the reduction of months supply and median market time. This signals an evening out in what has been a buyer’s market for, [...]

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Will County Housing Stats, August 2014

September 8, 2014

We’re into September and a few days later than I’d like to usually send these numbers your way, so I apologize. Of significance, in my opinion, is that Will County put better than 21% more houses under contract this August than last. That could be because of the bad winter that slowed the start of [...]

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Price per square foot, Morris

September 7, 2014

The last two days you’ve seen price per square foot in Braidwood and Coal City. Morris trumps each of those communities with an average price per square foot of $99.85 and a median of $100.87.

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Price per square foot, Coal City

September 6, 2014

Piggybacking off yesterday’s price per square feet post (and subsequent statistics for Braidwood), I thought we’d take a #Staturday look at the same thing in Coal City. In the last year of Coal City single family homes, the average price per (reported*) square foot was $91.96 with a median of $93.10. *Please note- of the [...]

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% of Original List Price to Days on Market

August 26, 2014

I preach this stuff a lot. Eventually though, everyone will listen. Pricing is important. Here is a chart of the last 12 months of sales in Grundy County (single family) and the relationship between days on the market and percent of original list price obtained. Notice the obvious downward linear trend! What happens if we [...]

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Grundy County July Report

August 2, 2014

Yesterday you saw the Will County July report. How does Grundy County stack up? Short answer: not as well; Will County is a ridiculously hot market. Longer answer: not too shabby; inventories and market times are down…..which means an evening of the market.

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Will County July Report

August 1, 2014

Here’s what happened in Will County in July and how that compares to what it did last year. The report also includes the year heading up to July this year as well as last. Of significant note, look how much the median market time has decreased!!!

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Joliet, By Zip Code

July 23, 2014

I always talk about how real estate is local. You probably get tired of reading it. I thought I’d take a chance to highlight it further by showing Joliet broken down by zip codes. I’ve taken 60431, 60432, 60435 and 60436 and displayed the median sales price of each over the last 3 years below. [...]

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Coal City/ Diamond/ Carbon Hill YTD

July 15, 2014

Someone at the office asked me to show them what single family housing has done each month this year. If I can show co-workers, why would I keep it from my loyal readers? Of course, in a small sample size like this, the numbers are going to jump around. But knowledge is power, and knowing [...]

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