Aurora Real Estate Market Trends
The Aurora real estate market is constantly changing. Many factors influence it including the national and local economy, world events,
buyer perception and a host of other variables. Keeping track of local market conditions is important for several reasons:
Your home is your primary asset and real estate has historically appreciated over time. Understanding how much your home is
appreciating is useful in determining your equity position. If you are planning a move sometime in the near future, understanding
seasonal and long-term market fluctuations will allow you to better plan your move and know what to expect while your home
is on the market. Market condition reports are run monthly and contain information on the previous month's sales data. If you have
any questions or would like a custom market report, please contact me.
December Market Conditions
Detached Style Single-Family Homes
The median price of homes on the market in Aurora rose slightly in the month of December, going from $224,900 in November to $226,900 in
December. That's the good news. Unfortunately, the average price of homes sold during the same period fell sharply from $207,500 in October to $186,250 - a
$21,250 drop in the median and the lowest figure since January of 2005. The number of homes
on the market again dropped substantially during the month of December, from 1,304 units to 1,127. During that time, the number of homes sold rose
slightly from 130 to 134 - have we hit the bottom and started the rebound yet? Fairly flat sales in the month of December caused a slight spike in inventory
levels - up to 7.6 months from 7.1 in November.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
Attached Style Single-Family Homes
The median price of homes on the market in Aurora continued to stay steady in December remaining at $189,900. On the other hand, the
average price of homes sold in December spiked upwards $170,875 in November to $175,000 reclaiming the value loss from October to November.
As was the case with detatched style homes,
the number of attached style homes
on the market dropped substantially during the month of November, from 572 units in October to 526. However, the number of homes sold during that
time fell slightly from 68 in November to 64 in December. However, overall the sharp decline in inventory and only modest decline in sales created an overall
drop in inventory from 8.3 months in Novermber to 7.9 months in December.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
Click on the links below to gain access to market trend analysis and information for previous months:
November Market Trends
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