Naperville Single Family Stats for July, 2008

Eileen's Naperville Single Family Stats for July, 2008

Currently we see the following market statistics:

NAPERVILLE SINGLE FAMILY LISTINGS

ACTIVES

Bedrooms #Active Avg LP Avg Market Time

ALL 1356 680,191 194 DAYS

3 284 381,389 160 DAYS

4 860 669,062 196 DAYS

5+ 189 1,222,604 236 DAYS

SOLDS (in the past 6 months)

513 HOMES SOLD

67 PER CENT OF MARKET SOLD

$470,542 AVERAGE SALES PRICE

94 PER CENT LIST-TO-SELL RATIO

Based upon today’s Case-Shiller monthly housing report, prices are still dropping in all the top 20 metropolitan areas.

No surprise.

Fewer lenders also…and much harder underwriting standards are causing many sales NOT to close. Be prepared to document everything and it will take longer to get to the closing table. Have patience.

Buyers with less than 10% down payment will find that the only available funds are under an FHA program. Conventional lenders are requiring larger down payment.

Are you thinking about buying? Call me at 630-961-2600 and let's talk.

© 2008, Move UP to Naperville Blog