According to MLS (Multiple Listing Service) data and verified by Village real estate transfer stamp records, Romeoville has seen a steady increase in home sales.
Between October 2011 and September 2012, there were 476 home sales in the Village, a 107 house increase when compared to the previous year causing an approximate 29% increase in single-family home sales in Romeoville in one year’s time. Romeoville Mayor John Noak stated “On behalf of the Village of Romeoville, I would like to thank the hundreds of new citizens for investing in our community. The continued steady purchase of single family homes in our community will assure that our housing stock continues to improve while the supply remains at an acceptable absorption level. A stabilizing housing market is key to the continuing retail growth we are experiencing.”
Although buyers in the market continue to increase, currently we estimate only 300 homes on the market in Romeoville, less than last year during this same time frame. The current housing market has proven to be extremely volatile with wide fluctuations month-to-month. For this reason, comparisons using year-over-year data better reflect the true Romeoville market.