Will County home sales are up
BY CINDY WOJDYLA CAIN firstname.lastname@example.org March 27, 2013 8:52PM
Updated: April 29, 2013 11:57AM
Will County home sales and prices are on the rise.
February numbers show home sales jumped to 450 in February, up 7.9 percent from the same month in 2012, according to a report from the Illinois Association of Realtors. Will County home sales for January and February combined were up 17.9 percent compared with last year.
The median sales price increased 2.6 percent from $146,250 a year ago to $150,000 last month. The median sales price for condos jumped 10 percent last month compared with 2.7 percent for single-family homes.
In Grundy County, home sales rose to 40 last month, up 29 percent from 31 last year. The number of sales to date this year is up 61.7 percent. But the median sales price fell slightly from $125,400 last year to $120,700 last month.
Kendall County sales also increased, to 145 last month, up 34.3 percent from 108 last year. The year-to-date sales increase is 50 percent. But the median sales price dropped 15.3 percent from $157,000 to $133,000.
The inventory of homes for sale in all three counties dropped in February. It’s down 36.9 percent in Will County, 16.7 percent in Grundy County and 43 percent in Kendall County.
Illinois home sales also are up. They increased 16.2 percent in February, and median prices increased 5.1 percent, according to the Realtors association.
“The first two months of the year are typically slower in the real estate business, but so far we’ve seen an encouraging number of sales,” association president Michael Oldenettel said in a statement issued with the February report. “The February sales numbers show that we have a good rolling start into a portion of the year where traditionally we see more people list homes.”
Forty-seven of the state’s 102 counties had home sales increases in February and 43 counties had median price increases.