Palatine - Single Family market update

By
Real Estate Agent with Suburban House Hunters Team (CSI, Inc.)

Been a little over a month sense the last update so here is more current information. Here is a quick overview of the single family market in Palatine, IL. There current market for single family homes is now over a years worth of inventory. If the inventory becomes larger we might start to see a true buyers market.

  • Currently on the Market: 315 
  • Currently Under Contract: 50
  • Closed in the last 90 Days: 73
  • Est. Inventory: 14 Months
  • Lowest Price: $249,000
  • Highest Price: $1,695,000

There are about the same amount of homes on the market as last month, but there have been more closings in the last 3 months so the estimated inventory has decreased. This number very well may increase as there are fewer homes under contract than there was a month ago.

Visit Suburban House Hunters for more information about Palatine Real Estate including a free mls search that includes all homes on the market.

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Anonymous #1
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Anonymous

There are two things that sell a property.

One is price, The other is staging.

Price is influenced by a myriad of conditions including location, time of year, location, condition of property, location, etc.

Price it right and it will be shown, show it right and it will be sold. In any market, home staging is the key.

Show your properties in the best possible condition so that they make a strong, positive first impression. Because a listing doesn't get a second chance to make a great first inpression.

-Carol

Stage your home, Sell your house.

September 05, 2006 06:48 PM
Rainer
5,853
Star Smith
Suburban House Hunters Team (CSI, Inc.)
Our team is starting to think about looking into staging services to help with some of our listings. Might have to give you a call.
September 22, 2006 01:08 AM
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Rainer
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Star Smith

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