Downers Grove / Darien Home Sales Jan-Oct 2011 vs. 2010

There are Lots of Headlines out there about home sales and prices. In fact some of the headlines seem to come up with conflicting information using the same source!  You’ve got to get to the core of the story!

The reason there is confusion created by the media reports is actually simple to explain. There may be at least two different numbers reported:

• The month-over-month (M-O-M) comparison
• The year-over-year (Y-O-Y) comparison

Some other reports may reflect a National Trend vs. Local Trends

When reading a headline ask yourself the following questions prior to arriving at any conclusions:

• What market is being discussed? Remember different markets often go in opposing directions.
• What time periods are being compared? Are seasonal fluctuations being discussed or true prior year comparisons?
• How are Sales being defined? Are unit sales or sale prices being discussed? Unit sales may be plummeting but prices may be skyrocketing at the same time.

In an effort to keep you informed about what is up locally, and all Real Estate is indeed local, I’m posting the most up to date Closed Sales for you. You need know what is indeed going on with the Equity in your biggest investment.

As always, contact me with any questions!  neal.paskvan@bairdwarner.com
Cell: 1-630-724-4729

The following stats are provided by the Main Street Organization of Realtors Courtesy of  Midwest Real Estate Data LLC
(Click to Zoom in)