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  By Jacqueline Beardsley


ARE FORECLOSURES ON THE RISE?


All real estate is local, every town, city and state will have different market stats.

In DuPage County certain areas are already starting to shift into what is a more 'normal market'.

The market craze that we've been experiencing has led some to wonder if we're headed for another market crash.

Today's market compared to that of 2008 is one free of risky subprime lending.  Buyers have to meet the credit score and stay within budget which is showing historically low default rates along with historically low foreclosure sales activity.  Additionally, we don't have massive overbuilding by home builders and consequently no over supply.  These factors imply today's home prices are on very solid ground, not the condition of 2008.

From January 1, 2024 - November 18th 2024, Naperville's closed sales for detached and attached homes combined totaled 1,704 units with an AMT (Average Market Time) of 28 days.

In 2025 the same stats in Naperville show 1,667 homes have closed as of today with an AMT of 35 days.

In 2009 - 2015 distressed sales ranged from 30% to 50% of all closed transactions!

The market began to shift back to a more normal market in 2016 and 2017 and since has declined to not even 5% of the inventory today.

  Below are statistics for short sales and foreclosures from MRED (Midwest Real Estate Data). This is the Lender-Mediated Report.

Lender mediated properties are those marked in MRED as 'Foreclosed, 'REO', Pre-Foreclosure or Short Sale, Residential activity only.

From 2009 through October of 2025.

10-2024 Traditional sales - 8,845

REO                                       203

Short Sales                               26

10-2025 Traditional Sales-  8,898

REO                                       155

Short Sales                              27

In DuPage County from 1-01-2025 through 11-18-2025 78 units closed (short sale/foreclosed/REO)

AMT 77 days.

This is down from 104 units in 2024 YTD.

I'm not seeing any signs within my own market area or in my MLS that suggests a rise in distressed properties.


Charles Rutenberg Realty
Naperville IL

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