Video: Real Estate Community Tour for Kenilworth, IL
See Real estate community tour for Kenilworth, IL
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 47% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just over 1.8-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 1500%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 1.4-million dollars. The number of units sold decreased 33% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.