Palatine Single Family Market Update

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.

Palatine Single Family Market Update (08/03/2008)

Palatine currently has 368 homes active on the market with prices ranging from $184,900 up to $1,295,000. There are 40 homes currently under contract and 58 homes have closed in the past 90 days.

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:
06/18/2008
12/10/2007

Palatine Single Family Market Update (06/18/2008)

Palatine currently has 349 homes active on the market with prices ranging from $189,000 up to $1,295,000. There are 61 homes currently under contract and only 40 homes have closed in the past 90 days.

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.

Palatine on Squidoo

We have created what is called a "lens" on Squidoo.com. This is just page on about Palatine Illinois with some helpful links about Palatine. Please stop by and let us know if there is anything that we should add.

For more information about Squidoo visit this post about Squidoo.