2021 Real Estate Market Update Week 24
2021 real estate market update week 24. New listings of single family homes increased slightly. 315 this week compared to 297 the week before. Any increase is welcome! It continues to be a sellers market.
Closed listings of single family homes increased. 337 this week compared to 317 the week before. They should increase as we head into the end of the month when most buyers want to close.
I just realized today’s download separated Aurora/Eola and St Charles/Campton Hills. Normally they are combined.
Take a look at the communities with the most activity this week:
Aurora-New 39 $90,000-$650,000
Batavia-New 11 $165,000-$725,000
Bolingbrook-New 25 $148,000-$525,000
Geneva-New 17 $330,000-$2,688,000
Montgomery-New 5 $194,500-$305,300
Naperville-New 61 $279,900-$2,125,000
Oswego-New 12 $225,000-$499,900
St Charles-New 30 $179,000-$1,275,000
West Chicago-New 12 $199,000-$890,000
Yorkville-New 16 $201,900-$750,000
The median price this week on single family homes is $374,450 last week it was $375,000
The median closed price this week on single family homes is $361,000 last week it was $375,000.
Contracts accepted this week
Contracts accepted this week on single family homes were down slightly. 332 this week compared to 345 the week before. That is not cause for alarm. Buyers are still out there looking and trying to find a home.
Look at the communities sellers accepted the most contracts this week:
Plainfield-36 St Charles-29
West Chicago-13 Yorkville-10
No short sales were accepted by sellers on single family homes this week. Prices of homes has gone up so a lot of people that would have to sell short are not having to do that now. If you are behind on paying your mortgage contact us to see where you are at. You might be able to sell for more than you owe.
Sellers accepted contracts that are contingent on the buyer closing on their current home. 12 with a kick-out clause of 72 hours, 6 with 48 hours and 5 with 24 hours.
Also, sellers accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours, 2 with 48 hours and 1 with 24 hours.
2021 real estate market 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 926 975 991
Totals 5117 5481 6729
We still have another week and half to go until the end of the month. It looks like June is on tract to be just a good as May for closed homes. Closed homes is the most important column to watch. They are actual numbers.
Check back with us every Saturday to see how the month is going. The last week of each month we will compare to 2020 and 2019 so you can see how the year is going so far.
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.
Thinking about selling this year? It is still a sellers market. Request a home valuation and we will let you know what it is worth in today’s market. We will provide you with a net proceeds that shows you the expenses to sell so you will have an idea of where you are at. This will be updated when an offer comes in and we know all the terms.
Are you wanting to buy a home this year. You need patience and perseverance. There is a shortage of homes for sale so you most likely will be up against other buyers trying to get the same home. Get a loan officer that will do a pre-approval not just prequalify. Get your tax returns ready and all financial information together to submit to them.
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- IDHA programs
If you need recommendations for real estate attorneys, home inspectors and loan officers let us know. We will provide a few for you to contact so you can decide who you want to work with.
2021 real estate market update week 24. Have a great week!
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555 ext 101