Northern Illinois Homes- Palatine Real Estate stats Jan/Feb 2017

Northern Illinois Homes Palatine Real Estate Stats for January and February of 2017 including the last year shows the market is good. Improving in many areas including the months supply which helps prices because of supply and demand. The closed sales are up a little from last year, I think they would have been higher if we had more inventory.
The market time is still lower than a year ago although it is creeping up slowly but it is the beginning of the year and many buyers are holding off and waiting for a better selection or for rates to go down which I do not think they are.

Months supply is down from last year almost half.  This year has been steadily going down.

Closed sales are up a little year over year and going up since Jan 1st.

Market time is less than a year ago but going up slowly since the beginning of the year.

 

If you are thinking about buying a home in Palatine IL or selling your Palatine home, contact me and I would be happy to help you!

Julie Anne