The 26 detached, single-family homes sold in Oswgeo during January represented a 100 percent increase over January 2012, when 13 homes were sold, according to the Mainstreet Organization of Realtors (MORe).
The number of sales continues an upward trend for the Oswego housing market, which saw 32 homes sold in December.
The median price of homes sold in January was reported as down, at $197,500 in January 2013 compared to $230,000 in January 2012.
The market for detached, single-family homes in suburbs throughout Kendall and Will counties saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data.
Oswego saw the largest percent increase, with 100 percent more homes sold year over year in January.
Joliet was the only suburb in the sample to see a decline. There were 63 homes sold in January 2013, a fall of 7.4 percent from 2012.
Overall across the Chicago suburbs, sales of single-family detached homes rose 37.5 percent in January over the same month in 2012, according to MORe.
MORe predicts February will be another month of local housing market growth, as the number of detached homes under contract in January 2013 was 60 percent higher than in January 2012.
“I am encouraged to see yet another month of double-digit growth in sales volume in January,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “The opportunity available in today’s marketplace is almost unprecedented. Fasten your seatbelts because this promises to be an outstanding year for the Chicago area housing market.”
# of homes sold Median price Town January 2013 January 2012 % change January 2013 January 2012 % change BOLINGBROOK 41 34 20.6%150,000
141,000
6.4% CHANNAHON 7 6 16.7%229,900
222,000
3.6% JOLIET 63 68 -7.4%113,950
81,599
39.7% MINOOKA 5 4 25%150,000
126,450
18.6% MONTGOMERY 24 24 0%118,950
134,500
-11.6% OSWEGO 26 13 100%197,500
230,000
-14.1% PLAINFIELD 57 54 5.6%185,000
159,000
16.4% ROMEOVILLE 29 19 52.6%130,000
137,900
-5.7% SHOREWOOD 12 10 0%210,000
226,250
-7.2% YORKVILLE 16 12 33.3%223,000
205,000 8.8%Source: Mainstreet Organization of Realtors
It shows the median sales price of $196,450 in 2012 and $192,500 in 2013. That's a decrease of about 2%. Nonetheless, there are too few sales reported to even be statistically significant. Please.....if you are going to be buying or selling a house you need to make sure that you consult with someone other that a member of these groups that lie about the market.