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Posted June 5, 2010 in Blog by admin

Fox Valley – Aurora Market Activity May 2010 vs May 2009

Aurora, Illinois is the states 2nd largest city and the market has been affected like everywhere else.  The numbers are in for May and they are ahead of 2009 at this same time.

AURORA MARKET ACTIVITY MAY 2010 VS MAY 2009

 

  ACTIVE RACT NEW PCHG CTG PENDING
DETACHED 833     5 37   67  254       114
ATTACHED 471     0 16   38    91         39

 

MAY 2010    SOLD         REO           SS       MARKET
DETACHED    157          41           23              93
ATTACHED      52          10            5              57
         
MAY 2009        
DETACHED      94                   38           11               45
ATTACHED      37           10             3               24

 

The YTD closed for detached single family homes is 410 with attached at 70 solds YTD.  Compared to 2009 with detached single family at 285 and attached at only 50 we are ahead by a good margin.  Whether those numbers continue will depend on a lot of factors.

Buyers don’t hesitate to make your buying decision.  Interest rates on mortgages dipped below 5% and although lending standards are tougher you can still qualify if you have 640 to 680 FiCO scores, solid job history and some savings.  Call me if you have questions and I will refer you to one of my lending partners who will let you know if you qualify for a home today!

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