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Palatine Illinois Real Estate - Market Stats Nov 2007 vs Nov 2008 - Northern Illinois Real Estate

Palatine Illinois Subdivision

The market statistics for home sales in Palatine IL for the month of November 07 vs 08.

The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is about the same vs last month and sales this month over last month down about 60% for single family homes and 98% for attached single family homes. For 07 vs 08 our average LP of sold homes is up for single family homes and down for attached single family homes. Average Sale Price of homes sold is down for single family homes and down for attached single family homes, but our LP/SP ratio is down about 3%. 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 November 07 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, the same as last months figures.

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. 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.

11/01/2007 - 11/30/2007 11/1/2008-11/30/2008
Sold# Sold#
Detached homes

19

Detached homes

12

Attached homes

37

Attached homes

24

Avg LP Sold Avg LP Sold
Detached homes

414106

Detached homes

420849

Attached homes

210563

Attached homes

183345

Avg SP Avg SP
Detached homes

398082

Detached homes

392634

Attached homes

204558

Attached homes

174763

SP/LP Ratio SP/LP Ratio
Detached homes

96%

Detached homes

93%

Attached homes

97%

Attached homes

95%

Avg MT Sold Avg MT Sold
Detached homes

127

Detached homes

138

Attached homes

112

Attached homes

113

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

305

-0%
Attached homes

483

-0%
Homes Selling Per Month:
Detached homes

11

-0%
Attached homes

36

0%
Palatine Currently Has:
Detached homes

27

Months of Inventory Active now
Attached homes

14

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

Posted Sunday Dec 14