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.