| The Fox Valley real estate market is a strong buyer's market, and remains
steady.
We
are still seeing a relatively large residential
inventory which does favor buyers with good selection
and pricing. Average days on market has stretched to an average of 130 days this January compared to 106 in January 2007.
Interest rates remain favorable.
Residential sales in units were 60 lower in Jan 2007 vs.
Jan 2006. That being said, we still need to remember that
2004 & 2005 posted record sales in our market.
2007 residential sales were down only 6.3% compared to 2006.
2007 saw a median sales price increase of 0.74%.
The Fox Valley has consistently been sheltered from
large swings in housing costs.
Overall, it is still a great time to live and
work in the Fox River Valley.
2/24/2008 Norm Christnacht, Broker
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