April 2, 2010 in Blog by admin

Fox Valley’s Oswego IL March Market Activity

Since I am now officially in Oswego, I decided to add the local market activity for this past month.  I can’t believe we are already in April!  If you look at the chart below you will understand the following numbers:

Currently we have 257 Active Listings – Out of those we have 172 market listings, 6 Foreclosures/REO, 41 short sales and 38 new construction.  We currently have 67% regular market listings, 16% short sales, 2% foreclosures and 15% new home construction for those of you who like a different perspective.

In March there were 19 sales in the single family category.  Of those 19 sold 6 were foreclosures/REO, 4 short sales, 3 new construction with only 6 regular market listings.  We are behind 2009 March Sold’s which were 27 total with 11 foreclosures/REO, 2 short sales, 3 new construction and only 11 market listings.

The good news is that we have a lot of contingent and pending listings.  These are listings that have contracts/offers on them but are waiting for a contingency to clear where the listing will then go into the pending stage which means that the contingencies have been completed and the contract is waiting for a closing date.

There are currently 54 contingent listings.  Of those 54 – 7 are foreclosures/REO, 12 short sales, 10 new construction and 25 market listings.

In the pending category we have a total of 14 with 8 foreclosures/REO, 1 short sale, 1 new construction, and 4 market listings.

Looks like May will be a great month in sold listings for Oswego real estate.