statistics

How long does it take to sell a 4 (or 4+) bedroom house in Coal City, Diamond, Carbon Hill? Not as long as it used to!

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Often the mark of the current health of a real estate market is thought to be, “how many new construction homes are being built?” This illustrates exactly how good the Will County market is doing at the current time. New construction, single family homes are up over 20% from a year ago at this time!

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Will County put almost 22% more houses under contract this June than last! 5% fewer homes were listed, leading to a decrease of actual inventory available of almost 30%

While almost 22% more houses were contracted, over 15% more closed than a year ago. Closings for the rolling year are up nearly 11%!

Market time has increased by almost two weeks on median but sold prices have too!

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June 2015 was a booming month in homes placed under contract, up more than 34% from this same month a year ago. New listings, however, were down by more than 18%. This helps contribute to their being almost 52% less inventory for potential home buyers.

For houses sold and closed, the median value is up almost 6% for the rolling year (June 2014 to 2015 compared to the previous 12 months), the market time is slightly less to get under said contract and the month’s supply has dropped by almost a full month!

It’s becoming a better and better time to be a seller in Grundy County.

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The Will County housing market continues to thrive, like the Grundy County market. More houses are selling and fewer are available- thus rising prices. Surprisingly, the median market time has jumped up by 11 days. I suspect this is because home buyers are having a harder time finding a house that they are in love with. The most desirable houses go quickly and others take a touch longer with buyers waiting for gems to hit the market.

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The Grundy County housing market continues to thrive. Prices are rising, more houses are selling, and inventory and market times are falling.

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How Long Will This Be On The Market?

December 28, 2014

“How long will this house be on the market?” – many buyers The short, honest, answer to that question is, “I don’t know.” No one likes to hear that- but it’s the truth. At any given time someone can be interested in any house on the market and it could sell tomorrow. As a stat-driven-REALTOR [...]

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Morris Closed Sales Data

December 4, 2014

Sales in Morris continue to be as strong in 2014 as they were a year ago. 12 month rolling data shows Morris has only dipped below 230 closed property sales one time since May of 2013 (and that was only as low as 229 in August). Way to go Morris!

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Tornado Recovery in Diamond Estates/ Farmstone?

November 23, 2014

I’ve been spending a lot of time in Diamond Estates this week. Many homes, damaged in last year’s tornado, are fixed with homeowners back in place- some bigger and better than ever before. Others are works in progress. Because it’s how my brain works, I wanted to put a number on the subdivisions’ recovery- or [...]

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Will County Hot Stats: September 2014

October 16, 2014

Will County continues to be a thriving market in Illinois. In September of 2014, listings and houses under contract are way up (21 and 27 percent, respectively). Homes closed are up 6% year over year and the time to sell those houses is way down (almost 34% year over year). This is a solid market.

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