Palatine Illinois Real Estate Market Statistics for December 2008

 Deer Grove Forest Preserve Palatine IL

The market statistics for home sales  in  Palatine IL  for the month of December 2008.  

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

        13

Detached homes

11

Attached homes

40

Attached homes

21

Avg LP Sold Avg LP Sold
Detached homes

455939

Detached homes

459836

Attached homes

188007

Attached homes

183838

Avg SP Avg SP
Detached homes

435392

Detached homes

426027

Attached homes

188007

Attached homes

172311

SP/LP Ratio SP/LP Ratio
Detached homes

95%

Detached homes

93%

Attached homes

96%

Attached homes

94%

Avg MT Sold Avg MT Sold
Detached homes

200

Detached homes

210

Attached homes

115

Attached homes

160

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

287

      -6%
Attached homes

483

      +15%
Homes Selling Per Month:
Detached homes

7

      -68%
Attached homes

20

       -68%
Palatine  Currently Has:
Detached homes

41    

Months of Inventory Active now
Attached homes

24    

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 AgentBarrington – 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