Each month I calculate inventory levels for surrounding Fox Valley communities. See my Blog for a table with the month's supply of housing inventory: Cindy's Blog. I also keep track of inventory levels in Thornwood.
There is 6.4 month's supply of detached housing inventory in the Thornwood. Anything over 6 months is said to be a buyer's market. The month's supply for April was 15 months of housing inventory. SO you can see a large decrease in the homes available in this desirable community.
Just as a basis of comparison the month's supply for Kane County is 11.6 for April and 17 months for St. Charles.
If you are thinking of buying a home in Thornwood don't hesitate...they will go quickly. If you are thinking of selling, this is the best time in months to put your house on the market.
Friday, May 11, 2012
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