Sunday, August 03, 2008

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: