Buffalo Grove Real Estate Analysis- October 2009

Everywhere I go these days, people are asking me the same question, how is the real estate market doing  in the Buffalo Grove area? 

The below analysis from Coldwell Banker indicates that sales in October are up , (good news)Buffalo Grove home inventory is down( that's also really good news) but Buffalo Grove prices are down!  ( that's not  good news!)

The median sales price in October was $225.000- down approx 20% from October of last year.  Why has the median price decreased by almost 20%.  One reason is that there are more short sales and Bank Owned Property than there have ever been.

Whether you are in the market to buy a home or to sell your current home in Buffalo Grove, it is important to keep abreast of the Buffalo Grove market statistics (or at least to work with a  REALTOR who does.)

If you would like more information about the Chicago Northwest Suburbs,including Buffalo Grove, Lincolnshire, Long Grove, Vernon Hills, and Lake Zurich  please do not hesitate to call me at 847-602-5435 or email me at info@buffalogrovehomes.com

My websites, www.movetolonggrove.com , www.buffalogroveareahomes.com and www.judygreenberg.com will provide you all the information regardless as to whether you are a potential buyer or seller!

Are you looking for a new home in the near future.?... Then click here and  I'll help to find you the perfect home

Please don't forget,  I'm Judy Greenberg, a realtor at Coldwell Banker, specializing in the Chicago Northwest Suburbs!