See What’s Happening in Your Local Housing Market
Track the numbers that help show where the market has been, where it is today, and where it may be heading next.
What You Should Pay Attention To
There’s a lot of data in the report. These are the numbers we watch most closely when evaluating the market.
Months Supply of Inventory
This is your current competition.
It estimates how long it would take for the homes currently for sale to be absorbed if no new homes came onto the market.
Lower inventory generally means sellers are competing with fewer homes.
Pending Ratio
This compares how quickly homes are coming onto the market with how quickly they are going under contract.
Above 50% means inventory is shrinking. Below 50% means inventory is growing.
We use this as a forward-looking indicator of where supply may be heading next.
Days on Market & % of List Price
These tell us what homes have already been doing.
Days on market shows how long sold homes took to attract a buyer.
Percent of list price shows how closely those homes sold to their asking price.
Past. Present. Future.
No single statistic tells the whole story. Looking at what homes have done, how much competition exists today, and how quickly inventory is changing gives us a much clearer picture of the market.
That’s the context we use when evaluating your home.
The Market Is Only Half the Story
This report shows what’s happening across single-family homes in Glen Ellyn and Wheaton. Your personalized Home Equity Analysis goes a step further by looking at your specific property, recent comparable sales, current competition, location, condition, updates, and other factors that may affect value.
Want to Talk Through Your Home’s Value and Options?
If a move is on your radar, schedule a quick conversation. We can talk through your home, your likely value range, timing, and what the current market may mean for your next move.