New Look for Naperville Market Stats
There is a new look to the Market Stats charts for Naperville, IL. The flash charts shown below allow you to look at different time frames, hover over data points to get detailed information and more. Play with them, change the view period (top left), move the sliders (bottom right) to select different ranges, or hover over a data point to see the details. Don’t forget to peek at the Inventory bar graph to see how that is tracking with the graphed stats.
Play with them and please, let me know what you think. (And if I am getting too geeky with the stats, let me know that too!)
All Naperville, Single Family Homes
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Adjust the slide bar above to change the view period.
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Naperville, 60540 Single Family Homes
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Adjust the slide bar above to change the view period.
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Naperville, 60563 Single Family Homes
[kml_flashembed movie="http://www.altosresearch.com/altos/widgets/AltosChart.swf" height="400" width="600" fversion="9" useexpressinstall="true" fvars="st = IL ; c = NAPERVILLE; z = 60563 ; ts = z ; pai = 52577180 ; q = a ; mini = median_inventory ; datahost = data.altosresearch.com ; datahostssl = false ; rt = sf ; s = mean_dom:l,median_price:r ; ra = c ; ihr = false ; fc = false ; rf = xml ; u = tonylazz ; p = aes_enc::BojMsH5VOSeZzqFUwfX2ow==" /]
Adjust the slide bar above to change the view period.
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Naperville, 60564 Single Family Homes
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Adjust the slide bar above to change the view period.
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Naperville, 60565 Single Family Homes
[kml_flashembed movie="http://www.altosresearch.com/altos/widgets/AltosChart.swf" height="400" width="600" fversion="9" useexpressinstall="true" fvars="st = IL ; c = NAPERVILLE; z = 60565 ; ts = z ; pai = 52577180 ; q = a ; mini = median_inventory ; datahost = data.altosresearch.com ; datahostssl = false ; rt = sf ; s = mean_dom:l,median_price:r ; ra = c ; ihr = false ; fc = false ; rf = xml ; u = tonylazz ; p = aes_enc::BojMsH5VOSeZzqFUwfX2ow==" /]
Adjust the slide bar above to change the view period.
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Naperville Market Stats – August continues upward
We have been hearing good statistics from all the national reports on housing lately. The consensus is that the housing recovery has started and may be gaining strength. Here in Naperville, the numbers are in for the end of August. And market momentum is continuing. Shown below are summary stats for all of Naperville. If you want zip code specific breakdowns they are also available. Of recent interest is the talk of “shadow inventory” in the foreclosure market and the impact that may have on local markets. Look for a post on that subject later this week.
Last 12 Weeks vs Previous 12 Weeks: (Source -Terradatum/MRED, LLC). Numbers shown are based on single family and townhome/condo data combined. Contact me for further individual breakdowns.
Homes Under Contract, 42 vs 38, up 9.6%. The trend continues, now in its sixth consecutive month here in Naperville. There are good values out there and buyers continue to advantage of them.
Median Price , $357.5k vs $301.4k – an increase of 18.6%. This metric started climbing in late April, and is related to increased demand in the marketplace. This represents the fourth month in a row of double digit growth in Median Price.
Average Units for Sale of 1,636 vs 1,638 – or a relatively stable inventory. We had been starting to see a decline in the weekly numbers over the past 10weeks. This is not an atypical occurrence given the time of year and all, but one does wonder what is typical in today’s market.
Units Sold has continued to climb on a weekly basis. The current average of 41 vs 29 in the previous 12 week period is an increase of 40.1%. The continued change in this metric is a measure of strength in the market. And it is not just foreclosures that are selling!
Single family slightly ahead of condo townhome
Market Action Index has climbed close to 11 which is still indicative of a Buyers Market. (Neutrality is when the mark is around 30) but a 22% jump from the previous level. With several months of inventory available at the current sales rate, buyers should still find ample inventory. For sellers, properties need to be in the best possible condition to get the market’s attention at their price point.
Summary Again, for the fifth month in a row the Naperville market continues to show signs of recovery. Homes are going under contract and closings are increasing. Inventories are up slightly as are pending sales.
Note: If you would like to be updated regularly on housing statistics in your area, just drop me an email and the data will be sent to you automatically.
Naperville housing statistics – thru June 2009
Naperville Housing
The numbers are in for the end of June and are continuing to improve. Numbers released this morning show that nationally, pending sales in May increased for the fourth month in a row (source Inman News), with impetus coming from lower prices and the first time buyers credit. Our interest though is more local, and from that perspective the Naperville market momentum is continuing. Shown below are summary stats for all of Naperville. If you want zip code specific breakdowns they are also available.
Last 12 Weeks vs Previous 12 Weeks: (Source -Terradatum/MRED, LLC). Numbers shown are based on single family and townhome/condo data combined. Contact me for further individual breakdowns.
Homes Under Contract, 45 vs 26, up 70.7%. This is a trend that we have noted for the last four months and is indicative of a healthier market. There are good values out there and buyers are taking advantage of them.
Median Price , $314.7k vs $307k – an increase of 11.6%. This metric started climbing in late April, and is usually related to increased demand in the marketplace.
Average Units for Sale of 1,645 vs 1,473 or an increase of 11.6%. The recent trend had been steadily climbing since early February until a flattening in April. This number has leveled out since early April – lower indicating a consistent level of available units.
Units Sold has continued to climb on a weekly basis. The current average of 32 vs 18 in the previous 12 week period is an increase of 72.1%, possibly indicative of renewed confidence in the market.
Market Action Index is still around the 9 mark which is indicative of a Buyers Market. (Neutrality is when the mark is around 30). With several months of inventory available at the current sales rate, buyers should still find ample inventory. For sellers, properties need to be in the best possible condition to get the market’s attention at their price point.
Summary Again, for the fourth month in a row the Naperville market continues to show signs of recovery. Homes are going under contract and closings are increasing. Inventories are up slightly as are pending sales.
Note: If you would like to be updated regularly on housing statistics in your area, just drop me an email and the data will be sent to you automatically.
