Glen Ellyn Housing Market Drops, Median Home Price Rises: October Home Sales
Glen Ellyn saw the largest percent drop in home sales during October — among DuPage County Patch communities, according to the Mainstreet Organization of Realtors.
Unlike other communities in DuPage County, during the month of October Glen Ellyn's housing market saw a decline in the number of homes sold. While the market for detached, single-family homes in suburbs throughout DuPage County saw growth in October, that was not the case in Glen Ellyn, according to the Mainstreet Organization of Realtors (MORe). MORe gets its statistics from Midwest Real Estate Data. Glen Ellyn saw the largest percent drop, with 18.2 percent fewer homes sold year over year in October. That shakes out to 18 homes sold in October 2012 compared with 22 sold in October 2011, according to the Mainstreet Organization of Realtors (MORe). While the number of homes saw a decline in Glen Ellyn, the median home price increased …
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Adam Krueger
9:08 am on Tuesday, November 20, 2012
You might want to include a "sample-size alert" with this kind of information. When only a few homes (18 vs. 22 in 2011) are sold, it's awfully problematic to claim that there was a dramatic rise in the median home sale-price given the disparity in home prices based on location. more ›