July Market Watch:
Most of the numbers are in line with what we saw in July 2017. For current trends, please see our June 2018 blog post, https://www.suburbanilhomes.com/blog/market-trends-june-2018/
There were two big improvements we saw from June 2018 to July 2018.
1. The number that stands out the most in this report is the current # of homes under contract in St. Charles. Last year at this time only 68 homes were currently under contract, and this July there were a whopping 104--that is a 52.9% increase. Part of the increase was due to people trying to get settled before the school year started. We believe the other reason is that a lot of homes in St. Charles just offered a much better value compared to other homes in similar towns. Some higher end homes were a borderline steal at certain prices. There are deals to be had, just need the right Realtor to help you find them!!!
2. Buyers had stepped in and bought homes in Wayne. The number of homes sold In July 2018 doubled from the same time last year. Wayne consists of a lot of niche horse properties and larger homes, and the prices had gotten low enough to where buyers thought they were getting a very good value.
