Wheaton Housing Market: November 2012 Update

The inventory of homes for sale in Wheaton has been contracting over the past year homes listed for sale have decreased by 11.2% (homes listed for sale in October 2011 compared to October of 2012 have dropped a staggering 22.3%). Over the same time frame homes under contract are up by 106.9% and homes that have sold have increased by 101.7%. 

The median price of homes in Wheaton have also been experiencing some noticeable changes from October 2011 to October 2012. Homes that are selling now are selling at a staggering 11.7% increase from a year ago while homes that are just being listed for sale now are up 14.2% higher than they were from last October.

This trend continuation of the shrinking number of homes on the market along with other indications of prices having hit bottom and even consistent price increases over the past few months signify a turn around in the housing market, specifically in Wheaton. Take advantage of these rock bottom prices while they are still around and visit WheatonHomes4Sale.com to start searching for available properties right now!

As a local Realtor I take pride in staying informed on local markets, please do not hesitate to contact me with any real estate questions or concerns. Looking to buy, sell or invest in real estate? I would love to help, please contact me and let me know how I can be of service!


Information and service provided by Katie Oakes at Keller Williams Premiere Properties.