Palatine Illinois Housing Market Statistics
It has been awhile…A long while since I have blogged and I am back with improved sites. I hope you enjoy my information on the Palatine Illinois Housing Market.
The housing market statistics for home sales in Palatine IL for the last 3 years are shown in the charts below. I have included The Medium Sales Price of Homes in Palatine zip code 60067 for the last three years and the number of Closed Sales in Palatine zip code 60067 for the last three years. As always you can go to my website www.homesbyjulieanne.com for more information or contact me directly for a free Market Analysis/Property Consultation.
The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is down and has been decreasing over the last few years. Part of this is due to less foreclosures available (foreclosures are down about 50% over last year). Home sales for single family homes and attached single family homes in Palatine have been increasing over the last year after taking a big dip. The median sales price of sold homes in Palatine is about even with 2011 and had fluctuated up and down (see the graph) for single family homes and for attached single family homes over the last few years. The average market time for homes sold in Palatine IL 60067 zip code has gone down for single family homes and for attached single family homes in the last few years going from about 200 days to now about 90 days on the market.
The homes that are selling in Palatine now area consisting of more regular sales than foreclosures and short sales.
It is all about supply and demand, the supply is going down and demand is increasing. The prices should increase slowly.
If you would like clarification of these figures or if you want to take advantage of this once in our lifetime real estate 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.
Medium market price 60067
Closed sales last 3 years
*Information compiled from the MLS, not guaranteed
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