Homer Glen Homes Supply & Demand Chart

Homer Glen Homes Supply & Demand for the Past 6 Months

If you're currently selling a Homer Glen home or if you're thinking about it, the chart below will show you the oversupply of inventory for the past 6 months of 2011 (from 3/28/11-8/29/11). The graph shows color coded lines designating:

• Homer Glen homes for sale - red
• Homes under contract - blue
• Sold and closed homes - green

I realize some of the figures might be difficult to read since I had to reduce the chart to fit on the page, so I will decipher some of it. However, just viewing the graph alone it is easy to see the discrepancy of homes up for sale vs. those that are under contract or have sold and closed for each month.

The percentages are as follows:

• The amount of Homer Glen homes up for sale has increased over the past 6 months by 3.1%
• Homes that went under contract dropped double digits by 23.4%
• Sold and closed Homer Glen homes actually increased slightly by 2.5%

Even though closed Homer Glen homes has increased a bit, the big decrease in homes going under contract is worrisome. If homes going under contract continues to fall, closings will follow.

Judy Orr and her husband/team partner James Herter live in Homer Glen and want to be your Homer Glen REALTORS® for life.