Monday, September 29, 2008
The above chart (click for larger view) shows the amount of inventory on a month by month basis over the past year for Palatine Illinois. The number above each bar is the number of months it would take to sell all homes on the market as of the end of that month.
Hope this snapshot helps provide a little insight into Palatine's real estate market.
Sunday, August 03, 2008
Palatine and surrounding areas are starting to see the number of active listings level off. This is a good sign as the supply of homes doesn't seem to be increasing. Naturally if the supply increases there is an increased risk of prices decreasing, when supply levels become steady prices tend to level off and the bottom of the market may be near.
Good homes priced correctly are still selling. If you are thinking of buying or selling a Palatine home contact the Suburban House Hunters Team.
Past Market Updates:
Wednesday, June 18, 2008
There has been an increase in activity in Palatine and surrounding areas over the past month and the number of homes under contract reflects this. There are currently more homes under contract then have closed in the past 3 months and that is a great sign.
If we continue to see improving numbers prices should level off and we should see a return to a more "normal" market.
Wednesday, March 05, 2008
For more information about Squidoo visit this post about Squidoo.
Monday, December 10, 2007
There are currently 292 single family homes listed on the MLS with a price range of $224,900 up to $1,549,775. Of the 292 homes currently listed 26 of them are currently under contract. This leaves 266 single family homes available in all of Palatine.
Attached homes are either condos, townhomes, or coach homes. There are 627 attached homes on the market with a price range of $80,500 for a 1 bedroom condo up to $1,250,000 for a luxury 2 bedroom 2 bath penthouse condo. 101 of these listed homes are under contract as of today and that leaves 526 attached homes that are available.
These numbers show that Palatine is in a strong buyers market. We have seen an increase in activity that could be relief for homeowners looking to sell. For more detailed information about Palatine visit SuburbanHouseHunters.com.
Wednesday, January 31, 2007
Sellers also have to deal with longer marketing times. To make sure your home sells it needs to be clean, in good repair, and staged. When selling you need to put on a show, that is you market the home in the way buyers want to see it...not the way you normally would live in it.