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Northern Illinois - Palatine Illinois Real Estate Market Statistics - March 2009

By Julie Anne

Real Estate Agent with Keller Williams

April 18, 2009 01:20 AM

The market statistics for home sales in Palatine IL for the month of March 2009.

The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is down vs last month and sales this month over last month up for single family homes and up for attached single family homes. For 08 vs 09 our average LP of sold homes is down 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, and our LP/SP ratio is even for single family homes and up for attached homes. The average market time for homes sold in Palatine IL 60067 zip code has gone down for single family homes in Palatine and about even for attached single family homes in Palatine in the last month over February 09 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.

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. 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.

03/01/2008 - 03/31/2008		03/1/2009-03/31/2009


Sold#			Sold#
Detached homes	13		Detached homes	14
Attached homes	22		Attached homes	24

Avg LP Sold			Avg LP Sold
Detached homes	527408		Detached homes	336429
Attached homes	228491		Attached homes	205206

Avg SP			Avg SP
Detached homes	498723		Detached homes	312000
Attached homes	221445		Attached homes	192912

SP/LP Ratio			SP/LP Ratio
Detached homes	95%		Detached homes	93%
Attached homes	97%		Attached homes	94%

Avg MT Sold			Avg MT Sold
Detached homes	173		Detached homes	186
Attached homes	95		Attached homes	155

Absorption Rate

Palatine Current Inventory of Homes On Market:
Detached homes	305	down
Attached homes	60	down

Homes Selling Per Month:
Detached homes	32	up
Attached homes	24	up

Palatine Currently Has:
Detached homes	9	Months of Inventory Active now
Attached homes	2	Months of inventory Active now


*Information compiled from the MLS, not guaranteed