Homewood Up, Flossmoor Down in Home Sales from a Year Ago
December saw an increase in the number of Homewood homes sold compared to December 2011. Flossmoor went the other direction.
The 15 detached, single-family homes sold during December in Homewood outpaced the ten homes sold in December 2011, according to the Mainstreet Organization of Realtors (MORe). Flossmoor's six sales, on the other hand, is half that of last year's—the largest percentage drop in the South Suburbs. However, the median price of Homewood homes sold in December ($122,839) was 24.6 percent lower than the median price of homes sold in December 2011 ($162,835). At a median price of $226,316, Flossmoor saw a 2.8 percent drop in median value compared to December 2011 ($232,866). The market for detached, single-family homes in suburbs throughout the Southland saw growth in December, MORe reported. MORe gets its statistics from Midwest Real Estate Data…
Inspector Daggett
7:15 am on Thursday, January 24, 2013
Annual or bi annual trends are much more accurate snapshots of what may be happening in the market. Information about a single month sales contrasted with a year earlier is somewhat like talking about the only the 3rd quarter of a football game. You might get some good detail in there but won't really know what happened in the whole game. I would love to see 2012 compared to 2011 as a whole. … more ›