This week the median list price for Downers Grove, IL 60515 is $539,900 with the market action index hovering around 23. This is about the same as last month’s market action index of 23. Inventory has held steady at or around 193.
Market Action Index
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Your Downers Grove Realtor. Find more homes for sale in Downers Grove on our website MichelsRealtors.com.
724 Ogden Ave,
Downers Grove, IL 60515
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