July 2013 - Monthly Oswego Real Estate Report

I just completed my month-end analysis of the Oswego real estate market where I compared year-over-year July homes sale activity. Please follow the hyperlink above to read the entire 11 page presentation.

July 2013 marks the highest level of home sale activity in over 5 years!

It is meant to be a quick read with only 9 charts of data, but it is comprehensive enough to portray a meaningful overview.  You can see a few sample images attached to this post.

Here is what you will find each month in the report:
1) Year to Date Homes Sales - a record high of 393 homes SOLD in 2013
2) Homes Closed per month - also a record high of 75 in July 2013
3) Homes Closed by Sales Type (ie regular, short sale, foreclosure)
4) Distressed Sales as a % of Total Sales - 5 year history
5) Active Homes for Sale - a record LOW of 196 Active homes for sale.
6) Pending Sales per Month - 5 year history
7) Absorption Rate/Months Supply of Inventory - we are in a STRONG Sellers Market.
8) Mortgage Rate History - 13 year Summary
9) Median Sold Price of Single Family and Townhomes: A strong uptick with Single Family homes valued at 228.5k and Townhomes at 115k.

Please feel free to download the full report here for further commentary and charts!  

Past copies can be located on our website: http://ayersteam.com/market-reports/

Rich Ayers is a licensed Real Estate Managing Broker in Illinois.  Ayers Realty Group has EXPERIENCED Brokers who specialize in Residential and Investment real estate in Naperville, Oswego, Plainfield and the surrounding suburbs of Chicago. We are a "Paperless" real estate brokerage and operate our business with the most advanced cloud-based software.  We also own and manage our own portfolio of investment properties. Visit our website at www.AyersTeam.com or follow us on Facebook or connect with us on LinkedIN.