2021 Real Estate Market Update Week 22
2021 real estate market update week 22. New listings of single family homes were up. 314 this week compared to 291 the week before. We will take any increase no matter how small.
Closed listings of single family homes were down. 321 this week compared to 385 the week before. This is the difference between the end of the month and the beginning. Most buyers want to close at the end of the month to bring less money to closing.
Take a look at the communities with the most activity this week:
Aurora-New 41 $105,000-$689,900
Bolingbrook-New 23 $235,000-$797,777
Geneva-New 15 $265,000-$748,995
Montgomery-New 5 $240,000-$329,900
Naperville-New 66 $324,900-$1,795,000
Oswego-New 19 $229,500-$599,000
Plainfield-New 51 $219,900-$849,000
St Charles/Campton HIlls-
New 26 $189,000-$1,895,000
Wet Chicago-New 7 $220,000-$649,900
Median listing price this week is $375,000, and last week it was $355,000.
Median closed price this week is $390,000, and last week it was $355,000
Contracts accepted this week
Look at the communities that sellers accepted the most contracts this week:
North Aurora-12 Plainfield-42
St Charles/Campton Hills-15 West Chicago-15
1 short sales was accepted by a seller this week. It was in Elburn. Now it will get submitted to the lender to see if they will also accept.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 3 with a kick-out clause of 72 hours, and also 3 with 48 hours.
Also, sellers accepted contracts that are contingent on the buyers selling and closing on their current home. 2 with a kick-out clause of 48 hours, and also 2 with 24 hours.
2021 real estate market update by the month
Month New Closed Contracts accepted
January 543 649 829
February 561 604 778
March 993 1099 1455
April 1006 926 1387
May 1088 1228 1289
June 314 321 314
Totals 4505 4827 6052
Closed is the column to always pay the most attention too. These are actual numbers. Some homes can go back on the market and then get another contract.
May looks to be the best month so far for closings. It makes sense that March was the best month for contracts accepted. You can see the difference though in how many of those closed.
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
What are you waiting for? Let’s get your home on the market! Request a home valuation so we can show you what is is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you know what you have to work with. This will be updated once an offer comes in and we know all the terms so you can make a good decision.
If you are wanting to buy a home this year you need to find a loan officer that will get you pre approved, not just prequalified. YOu need to provide them with your tax returns and all financial information. Today the market is too competitive. You have to take the extra step and get pre approved subject to finding the home.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
It is wonderful to be a seller right now. Frustrating to be a buyer.
We an make recommendations for real estate attorney, home inspector and loan officers. You can choose who you want to work with.
Let us know what questions you have.
All data came from MRED LLC.
2021 real estate market update week 22. Have a great week!
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101