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Health & Fitness

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

Here is a breakdown for home sales in Downers Grove / Darien and the and the surrounding areas

Neal Paskvan, Neighbor
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There are alot 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.

    Find out what's happening in Downers Grovewith free, real-time updates from Patch.

    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 attached stats are provided by the Main Street Organization of Realtors
    Courtesy of  Midwest Real Estate Data LLC

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    The views expressed in this post are the author's own. Want to post on Patch?

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