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Northern Illinois Real Estate - Palatine Real Estate Market Statistics for May 2009

Lake Park Estates in Palatine Illinois

The market statistics for home sales in Palatine IL for the month of May 2009.

The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is down vs last month and sales this month over last month up for single family homes and up for attached single family homes. For 08 vs 09 our average LP of sold homes is down for single family homes and the same for attached single family homes. Average Sale Price of homes sold is down for single family homes and down for attached single family homes, and our LP/SP ratio is down for single family homes and down for attached homes. The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and up for attached single family homes in Palatine in the last month over April 09 market times.

The homes that are selling in Palatine area are lower in price this year over last for single family detached homes and attached homes.

If you would like clarification of these figures or if you want to take advantage of this once in our lifetime market great for first time home buyers, investors or anyone moving up, look at our website http://www.homesbyjulieanne.com/ and search for homes available in the Barrington, Deer Park, Lake Zurich, Palatine and surrounding areas. We also list many foreclosure, REO and Short Sale listings. Or contact us and we will help you find the best home for the money or sell your home in the Barrington, Deer Park, Lake Zurich, Palatine and surrounding areas at the highest price possible in this market.

04/01/2008 - 04/31/2008 04/1/2009-04/31/2009
Sold# Sold#
Detached homes

22

Detached homes

37

Attached homes

42

Attached homes

34

Avg LP Sold Avg LP Sold
Detached homes

514686

Detached homes

372367

Attached homes

209644

Attached homes

185057

Avg SP Avg SP
Detached homes

492045

Detached homes

348920

Attached homes

199181

Attached homes

168373

SP/LP Ratio SP/LP Ratio
Detached homes

96%

Detached homes

94%

Attached homes

95%

Attached homes

91%

Avg MT Sold Avg MT Sold
Detached homes

173

Detached homes

242

Attached homes

95

Attached homes

185

Absorption Rate
Palatine Current Inventory of Homes On Market:
Detached homes

126

Attached homes

205

Homes Selling Per Month:
Detached homes

39

Attached homes

51

Palatine Currently Has:
Detached homes

3.23

Months of Inventory Active now
Attached homes

4.01

Months of inventory Active now
*Information compiled from the MLS, not guaranteed

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Posted By: Julie Anne - The Julie Anne Real Estate Team at Keller Williams Success Realty

Northern Illinois Real Estate Agent - Barrington - Deer Park Real Estate Expert and surrounding areas

847-620-5815 julie@homesbyjulieanne.com

What is my homes value? Homes for sale in Northern Illinois, Barrington Homes for Sale - Deer Park Homes for Sale

CDPE Certified for Short Sales and REO

Posted Thursday Jun 25

Thanks for sharing the local stats with us this morning. Best of luck to you

( 06/25/09 07:50AM ) — Julie Anne

Harry local stats are the key to watching our market.  Thank you and good luck to you!

( 06/25/09 07:58AM ) — Eric Villaverde

I really enjoyed reading your post this morning. I wish you a happy day and make things happen

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