Ok-the data just came out for the most recent sales figures and like all data-you can read into it what you want.
The number of homes currently for sale, the inventory, is still down quite a bit. For the month of Sept for instance, we saw the number of new homes coming on the market compared to Sept 2012 show:
Dunlap-Down 51%
Washington-Down 12%
Morton-Down 24%
Germantown Hills-Up 14%
Metamora-Up 27%
Peoria-Up 25%
One thing to keep in mind for any of the community specific numbers is that the smaller the community, the fewer the the number of transactions it takes to show an increase or decrease. For example, using the same cities I cited in the report above, the actual numbers show:
Dunlap-29 new homes listed in Sept 2012 and 14 new homes listed in Sept 2013
Washington-41 new homes listed in Sept 2012 and 36 new homes listed in Sept 2013
Morton-29 new homes listed in Sept 2012 and 22 new homes listed in Sept 2013
Germantown Hills-7 new homes listed in Sept 2012 and 8 new homes listed in Sept 2013
Metamora-11 new homes listed in Sept 2012 and 14 new homes listed in Sept 2013
Peoria-183 new homes listed in Sept 2012 and 229 new homes listed in Sept 2013
Year to date data for the same communities, compared to the same time frame last year, show the following.
Dunlap-New listings down 24%, Sales down 28%, Sales Price up 10%, Days on Market down 37%
Washington-New listings down .5%, Sales down 5.7%, Sales Price up 4.%, Days on Market down 27%
Morton-New listings down 3%, Sales down 10%, Sales Price down 10%, Days on Market down 36%
Germantown-New listings down 11%, Sales down 12%, Sales Price up 2%, Days on Market up 15%
Metamora-New listings down 13%, Sales down 8%, Sales Price down 7%, Days on Market down 28%
Peoria- New listings down 13%, Sales down 8%, Sales Price down 7%, Days on Market down 28%
The number of homes currently for sale, the inventory, is still down quite a bit. For the month of Sept for instance, we saw the number of new homes coming on the market compared to Sept 2012 show:
Dunlap-Down 51%
Washington-Down 12%
Morton-Down 24%
Germantown Hills-Up 14%
Metamora-Up 27%
Peoria-Up 25%
One thing to keep in mind for any of the community specific numbers is that the smaller the community, the fewer the the number of transactions it takes to show an increase or decrease. For example, using the same cities I cited in the report above, the actual numbers show:
Dunlap-29 new homes listed in Sept 2012 and 14 new homes listed in Sept 2013
Washington-41 new homes listed in Sept 2012 and 36 new homes listed in Sept 2013
Morton-29 new homes listed in Sept 2012 and 22 new homes listed in Sept 2013
Germantown Hills-7 new homes listed in Sept 2012 and 8 new homes listed in Sept 2013
Metamora-11 new homes listed in Sept 2012 and 14 new homes listed in Sept 2013
Peoria-183 new homes listed in Sept 2012 and 229 new homes listed in Sept 2013
Year to date data for the same communities, compared to the same time frame last year, show the following.
Dunlap-New listings down 24%, Sales down 28%, Sales Price up 10%, Days on Market down 37%
Washington-New listings down .5%, Sales down 5.7%, Sales Price up 4.%, Days on Market down 27%
Morton-New listings down 3%, Sales down 10%, Sales Price down 10%, Days on Market down 36%
Germantown-New listings down 11%, Sales down 12%, Sales Price up 2%, Days on Market up 15%
Metamora-New listings down 13%, Sales down 8%, Sales Price down 7%, Days on Market down 28%
Peoria- New listings down 13%, Sales down 8%, Sales Price down 7%, Days on Market down 28%
