Naperville Real Estate Blog

Market Statistics Criteria
Status: Closed
Area: Naperville, Illinois
Property Type: Detached Single
Closed Date: 09/01/2007-10/01/2007

There were 109 closings of Naperville single family homes from September 1, 2007 to October 1, 2007. In the same period last year there were 127 closings, or 18 more. The average list price in September 2007 was $538,767, while the average sale price came in at just under $519,000. This gave us a sale price to list price ratio of 96%.

Last year the same period sale price to list price ratio was 97%. When we take into account that we are in the midst of an extended soft market it is easy to see that this is quite good. The average sold market time was 109 days from listing date.

Closed Sales: 109

Average List Price: $538,767

Average Sale Price: $518,509

Sale Price/List Price Ratio: 96%

Average Market Time: 109 Days

All in all, the market continues to weather the storm and move along. Buyers and sellers continue to move closer to each other’s level of expectation when negotiating for the best possible deal. As we move into the fall and winter months sellers will continue to feel the pressure of a buyer’s market, and buyers will have to be realistic with their expectations of huge price reductions.

For more information regarding the real estate market in Naperville and the entire Chicagoland area, call Larry Shakman, InterMLS Real Estate at 630-921-0611 or e-mail Larry@FeaturedHome.com.