Homer Glen Homes Supply & Demand 2011

Homer Glen Homes Supply & Demand for 2011

As you can see from the chart showing the entire year of 2011 for supply and demand of single family Homer Glen homes, there were way too many homes up for sale compared to homes that went under contract or ended up closing. Every single month showed a huge discrepancy.

Any seller viewing this chart should understand why their agent might be asking for multiple price reductions, a lack of showings and no offers. Look at all the competition!

Another reason I enjoy this full year chart is that it shows us what months were more active during the year. I like to see high months of homes going under contract (blue), but not all of those end up closing. It looks like May had the most closings (green) and as is usual, the end of Fall and the winter months have the least amount of activity.

Look again at the tall red lines compared to the much shorter blue and green lines. Even if we stacked the last two together, it would still show that there are many more homes up for sale than those that actually received accepted offers and closed. I'm hoping we'll see more sales in 2012 and if you're thinking of buying a place in the southwest suburbs of Chicago, give me a call at 708-536-8200 or use the "Email Me" link to the right.