N
aperville’s housing scene is shifting. The market still feels hot, but the frenzy of recent years is easing into a steadier rhythm.

    **Supply and Sales**

    Inventory remains tight, with only 1.4 months of homes on the market. In August, the $601,000–$650,000 bracket led the market, pulling 29 contracts. Total closings fell 3.7% to 183 from 190 a year earlier, and year‑to‑date sales are 1.8% below last year’s pace.

    **Prices Stay Strong**

    Despite softer activity, prices hold. The average closed price rose to $646,728 from $634,123 in August 2024—a 2% gain. The average price per square foot climbed to $266 from $256, up 3.7%. Home values continue to appreciate even as demand moderates.

    **Buyers Gain Leverage**

    Days on market jumped from 11 to 19, giving buyers more time. The list‑to‑sale ratio slipped to 98.2% from 99.9%, allowing buyers to negotiate rather than pay full asking. Active listings edged up to 259 from 250 last year, and contingencies are reappearing—signs that buyers are moving by choice, not necessity.

    **What It Means**

    The market remains robust but no longer overheated. Sellers should price thoughtfully and strategize carefully. Buyers now have room to negotiate and can move with greater confidence. Real‑estate dynamics are local, so partnering with a trusted advisor keeps you informed and ready to close successfully.

    Embrace the new balance in Naperville real estate and step into the next chapter with confidence.