12/10/07 Palatine Real Estate Update

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.

Palatine Real Estate Market Update

Palatine Illinois is currently in a buyers market. That means there are more sellers looking to sell then there are buyers looking for homes. During a market like this home prices remain flat or drop in value. So far home prices have stayed about even in Palatine over the last 12 months.

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.