October 15, 2008
Will/Grundy Real Estate Absorption Rate: October 15th, 2008
GOING FORWARD THE ABSORPTION RATE WILL BE RELEASED ON A BI-MONTHLY BASIS ON THE 1ST & 15TH OF THE MONTH.
| UC | Avg MT | Median | Listed | Avg MT | Mon Inv. | Last Mn | |
| Joliet | 86 | 153 | $159,450 | 1126 | 186 | 13.09 | 4.47 |
| Channahon | 8 | 271 | $214,900 | 157 | 216 | 19.63 | 7.21 |
| Minooka | 10 | 293 | $224,450 | 192 | 219 | 19.20 | 7.39 |
| Morris | 19 | 200 | $217,500 | 219 | 234 | 11.53 | 1.62 |
| Shorewood | 14 | 178 | $207,200 | 227 | 187 | 16.21 | 3.32 |
| Coal City | 13 | 138 | $169,900 | 111 | 215 | 8.54 | -0.54 |
| 150 | 205.5 | $198,900 | 2032 | 209.5 | 13.55 | 3.93 |
Summary: BUYERS MARKET
Last Wk=Change in Months Of Inventory From Last Week's Report. Last Mn= Change in Months Of Inventory From 4 Weeks Ago Report. Red #s mean the supply is rising, which is bad for Sellers and Green #s mean that the supply is falling which is good for Sellers.
UC=Number Homes Under Contract in Last 30 days Avg MT=Average Market Time of UC Homes Median=Median List Price For UC Homes Listed=Number of Homes Listed in MLS Avg MT=Average Market Time of Listed Homes Mon Inv=Months To Sell Entire Inventory of Homes, the AR Rate
Filed under Blog, Channahon Real Estate, Coal City Real Estate, Joliet Real Estate, Minooka Real Estate, Morris Real Estate, Shorewood Real Estate by Tim
