Romeoville House Sales Decrease by Nearly 13% over Last Year's Numbers
Home prices are also down near 23 percent in September 2012 when compared to September 2011.
Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report, but the numbers are not reflected in the Romeoville residential market.
While some towns saw as much as an 80 percent increase, the number of homes sold in Romeoville dropped by 12.9 percent in September 2012 over September 2011, according to the Mainstreet Organization of Realtors (MORe).
And worse, the average prices of the houses that did sell dropped by 22.9 percent, the numbers show.
Only Bolingbrook fared worse in the comparison of house sales in the southwestern suburbs, with the number of homes sold falling 25.9 percent in September 2012 compared to September 2011.
Across the Chicago area, the number of homes sold in September rose by 22 percent over September 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006.
“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”
| # of homes sold | Avg. price | |||||
| Town | 2012 | 2011 | % change | 2012 | 2011 | % change |
| BOLINGBROOK | 43 | 58 | -25.9% | 154,097 | 164,323 | -6.2% |
| CHANNAHON | 11 | 8 | 37.5% | 191,292 | 152,918 | 25.1% |
| JOLIET | 81 | 72 | 12.5% | 118,383 | 104,932 | 12.8% |
| MINOOKA | 12 | 7 | 71.4% | 174,666 | 131,771 | 32.6% |
| MONTGOMERY | 36 | 20 | 80% | 132,759 | 147,391 | -9.9% |
| OSWEGO | 38 | 24 | 58.3% | 218,272 | 220,323 | -0.9% |
| PLAINFIELD | 97 | 80 | 21.3% | 216,388 | 205,550 | 5.3% |
| ROMEOVILLE | 27 | 31 | -12.9% | 115,627 | 149,890 | -22.9% |
| SHOREWOOD | 14 | 10 | 40% | 236,847 | 250,588 | -5.5% |
| YORKVILLE | 24 | 25 | -4% | 192,912 | 185,813 | 3.8% |
Source: Mainstreet Organization of Realtors
Barbara Seffinga
6:56 am on Wednesday, October 17, 2012
Sales down, Home prices Down, but our taxes continue to INCREASE!!!!!! Something just isn't right.
Kristine Neumann
12:00 pm on Wednesday, October 17, 2012
Barbara, look at your tax bill & you'll find that the increases are going to the schools. My tax bill went up over $500 & over $300 of that went to the schools.
Laura Canniff
10:17 pm on Wednesday, October 17, 2012
Pretty depressing. Just saw a house on my block sell fir $195k that was bought in 2005 for $265k. That owner took a $70k loss!
Kristine Neumann
12:02 am on Thursday, October 18, 2012
Laura, that's terrible! It's too bad the sellers couldn't hold out. I wish the economy would improve.
Lester Spooner
10:24 am on Friday, October 19, 2012
Wow, a difference of 4 homes and you write such a doom and gloom story about it? From what I've seen on public records, there have been more homes sold in town this year than last year. Where is that story?