With the recent stock market noise top of mind for many, we wanted to take a close look at if a housing slowdown is creeping into our pending sales data.
To do that, we compared two key periods:
- The 18 days before the market volatility (March 15–April 2)
- The 18 days after it began (April 3–April 20)
We looked at two main questions:
- How much, if at all, has pending sales activity changed compared to the same periods in 2024?
- How much, if at all, has pending sales activity changed within each year when comparing April 3–20 to March 15–April 2?
Year-over-Year comparison: pending sales
MRED overall is performing even better in the post-market volatility period. Hinsdale, La Grange, Naperville, and Western Springs are showing relative improvement year-over-year compared to the prior 18 days.
March 15–April 2, 2025 vs. 2024:
- MRED (this is our overall Multiple Listing Service): +5.7%
- Clarendon Hills: +25%
- Elmhurst: +53.1%
- Glen Ellyn: +17.9%
- Hinsdale: -47.8%
- La Grange: 0%
- Naperville: -8.8%
- Oak Brook: +8.3%
- Western Springs: -40%
- Wheaton: +31.4%
April 3–April 20, 2025 vs. 2024:
- MRED: +12.6%
- Clarendon Hills: +15.4%
- Elmhurst: -5.9%
- Glen Ellyn: -31%
- Hinsdale: -29%
- La Grange: +5%
- Naperville: -3.2%
- Oak Brook: -22.2%
- Western Springs: +2.7%
- Wheaton: +2.7%
Next, let's compare how the April 3-April 20 sales have increased/decreased within the same year versus the March 15-April 2 dates:
2025:
· MRED: up 6% versus March 15-April 2
· Clarendon Hills: +28.5%
· Elmhurst: -34.7%
· Glen Ellyn: -28.6%
· Hinsdale: +29.4%
· La Grange: +9.1%
· Naperville: -2.4%
· Oak Brook: -41.7%
· Western Springs: -40%
· Wheaton: -19.6%
2024:
· MRED: down 1.4% versus March 15-April 2
· Clarendon Hills: +45.5%
· Elmhurst: -33.3%
· Glen Ellyn: +21.7%
· Hinsdale: +4.2%
· La Grange: +4.8%
· Naperville: -8.0%
· Oak Brook: -18.2%
· Western Springs: -6.7%
· Wheaton: +11.1%
Summary:
Interestingly, only MRED, Glen Ellyn, and Wheaton show different directional changes within their respective years. Hinsdale, La Grange, Naperville, and Western Springs consistently outperformed their 2024 trends.
Of course, a couple factors could make this analysis inconclusive:
- Sample size: These are relatively short timeframes.
- Holiday timing: Easter fell on March 31 in 2024 but much later on April 20 in 2025, which can affect real estate activity patterns.
That said, it's safe to say that—so far—we haven't seen the housing market react negatively to the stock market’s turbulence. Pending sales data over the past 18 days shows no clear "bearish" turn. In fact, our local area appears remarkably consistent, with home sales slightly outperforming 2024 levels overall.