In the news you will hear the markets up, the markets down,  housing sales have inclined or housing has declined.  So the question becomes what is the answer, how is the real estate market doing? The answer is it depends(yeah i know the perfect politically correct answer), it depends on your local market.  For Instance if you are living in Nevada  home sales have increased from last year,  the homes there have finally reached the appropriate price levels for investors and home buyers to buy back into the market. 

So why do I tell you this,  I am encouraging you to come here to check on our local stats in the Dekalb Sycamore area.

In the DeKalb,  the last three months the average sales price $141,000, the average time on the market was 116 days, and the housing supply is at 12.66 months(this means it would take over 12 months for all the homes to sell, if no other home came on the market.) from 3 months ago prices were at $165000, 143 days of market time, and a housing supply of 22 months.

In sycamore, the last three months, the average was $181,250, with an average market time of 106 days and a housing supply of over 15 months. the previous 3 months had an average sale price of $177,250 with an average market time of 200 days and a housing supply of over 29 months.

So what does all this mean?  means that we are still in a buyers market(anything over 10 months is considering a buyers market and a declining market.  both Dekalb and sycamore have improved their market by selling more these past 3 months than in the previous 3 months.   Dekalb average price dropped where sycamores rose a little, this doesn't mean much considering that summer months are typically the highest selling months in our market(Feb-Sept).   with programs like the $8000 tax credit it should prove interesting to see if this help maintain the incline in the market we have seen the last 3 months.   either way we can watch together cause i will update these stats monthly.