2021 Real Estate Market Update Week 23
2021 real estate market update week 23. New listings of single family homes were down this week. 297 this week compared to 314 the week before. Not by much, but any decrease just makes it harder for the buyers that are waiting for new homes to come on the market.
Closed listings of single family homes was slightly down. 317 this week compared to 321 the week before. Consistency is what we like to see. They should increase as we get closer to the end of the month.
Take a look at the communities with the most activity this week:
Aurora-New 43 $140,000-$649,900
Batavia-New 9 $240,000-$664,900
Bolingbrook-New 27 $224,853-499,900
Geneva-New 11 $240,108-$879,900
Montgomery-New 7 $190,000-$319,900
Naperville-New 68 $274,500-$2,699,000
Oswego-New 16 $164,900-$689,900
Plainfield-New 28 $225,000-$895,000
St Charles/Campton Hills-
New 27 $250,000-$2,299,900
Sycamore-New 6 $159,900-$650,000
Wet Chicago-New 11 $250,000-$699,900
Yorkville-New 6 $269,900-$899,900
Median list price this week was the same as last week $375,000
Median closed price this week was $375,000, and last week it was $390,000
Contracts accepted this week
Contracts accepted this week were higher. 345 this week compared to 314 the week before. Buyers are not slowing down. We are still seeing multiple offers. If you are thinking about selling now is the time to call us, and get it on the market.
Look at the communities sellers accepted the most contracts:
St Charles/Campton Hills-24 Sycamore-11
No contracts were accepted on any short sales this week. Prices have gone up enough, for a lot of them, to sell without having to go the short sale route.
Sellers have accepted contracts that are contingent on the buyer closing on their current home. 4 with a kick-out clause of 72 hours, 3 with 48 hours and 3 with 24 hours.
Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 2 with a kick-out clause of 72 hours and 5 with 48 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 611 638 659
Totals 4802 5144 6397
Closed is the most important column to look at. These are actual numbers.
Some get contracts accepted, and then go back on the market.
New listings can also go back on as a new listing.
May is the best month so far for closed listings.
Check back with us every Saturday. At the end of the month we will compare to 2020 and 2019 so you can see how the market is doing this year.
Call us at 630-503-6555 with all of your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.
If you are thinking about selling your home request a home valuation. Give us a little information about recent updates that have been completed. We will provide you with a net proceeds that shows you an estimate of expenses to sell. This will be updated when an offer comes in and we know all the terms.
Thinking about buying this year? You need to get pre-approved with a loan officer. Get them all your financial documents so they can put you through underwriting. You need to take this extra step because you will most likely be up against multiple offers.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IHDA programs
If you need recommendations for real estate attorney, home inspector or loan officers we can give you a few to contact.
2021 real estate market update week 23. Have a great week!
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101