Are Sales of Real Estate Really Going Up In Our Area?

In Today's Busy, Chatterbox of The Internet Is Hard To Know Who To Trust

EVeryone Is Afraid of The Next Madoff.

That's Why I Only Trust The Numbers. At first glance the numbers of sales of houses, condominiums and 2- and 3-flats look that they are going down. Most likely is because real estate transactions take a long time to close and these numbers are of the last six months, week by week.

Here is our fisrt look at the Cook County market in the last 6 months. The median price of sold properties is going down. That means those properties that closed where the deeply discounted. The numbers above the green bars represent the number of properties closed in that week.

But if you look at the Number of Units sold in the last six month, you see a defnitive gain in the last weeks And if you want to predict what the future will bring, you need to look at the pending transactions to see where we're going

This uprise in the number of properties that are under contract will signal a future stabilization of prices in the real esyaye market in Cook County. They say you cannot see the bottom of the market until you're out of it. I think we just saw the bottom right there. Slowly but surely we're in for an up curve on real estate prices in Cook County.

You can contact Paco Aramburu in Chicago at:

773 865-5678

pacoargent@gmail.com