Wednesday, November 28, 2012

Glen Ellyn Housing Market: November 2012 Update

Market Statistics for Glen Ellyn - Updated November 2012
The inventory of homes for sale in Glen Ellyn has been contracting over the past year homes listed for sale have decreased by 11.1% (homes listed for sale in October 2011 compared to October 2012 have dropped a staggering 29.5%). Over the same time frame homes under contract are up by 77.6% and homes that have sold have increased by 117.2%. 

The median price of homes in Glen Ellyn have also been experiencing some noticeable changes from 2011 to 2012. Homes that are closing now are selling at a staggering 19.1% increase from year over while homes that are just being listed for sale now are up 14.5% higher than they were from last year.

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 Glen Ellyn. 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.

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