2012 shows signs of an improving housing market as the U.S. economy continues its forward-moving yet slow road to recovery. The Wheaton housing market appears to be no different. In January of 2011 there were 22 homes sold resulting in a median sale price of $237,000. The data is in for this past month, January 2012, and the results are promising with 29 homes sold for that month at an average sale price of $305,000. These numbers show not only growth in the number of homes sold with a 32% increase, but they also show a 22% increase in the median sale price of homes in Wheaton.
The housing inventory in Wheaton also shows signs of improvement. Looking at the numbers again from January 2011 in comparison with January 2012, the numbers of homes on the market appear to be steadily decreasing and homes pending sale. In January 2011 there were 603 homes for sale while in January 2012 that number has dropped by 21% to 477 homes. The amount of homes under contract to be sold in January 2011 was 32 but has now increased by 28% in January 2012 to 41 homes.
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| The graph depicts the listing invesntory of homes for sale, homes that are pending closing, and homes that have closed in Wheaton from January 2010 to Janurary 2012. Red shows homes that are for sale, blue represents the homes under contract to close, and the green homes depict homes that have sold. Visit Wheaton Homes For Sale now to browse available homes for sale in your area for free! |
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