I collected all the data about Des Plaines, IL from MLS and had fun with iWork to make easy to understand charts.
There were 770 properties sold in 2009 in Des Plaines, IL with an average market time of 166 days. Average sold price was $180,982. Before the buble bursted the home value was 30% higher in 2006 compering with today's average home value of a home in Des Plaines.
In the chart below shows the volume of units sold by the price of the home in 2005 - 2009 in Des Plaines, IL.
Few Stats from National Association of REALTORS®, 2009
Selling a home is a full-time job. And most of today's buyers are online (nearly 9 of 10 recent buyers used the Internet in their home search), and unrepresented sellers have no access to major online marketing avenues such as REALTOR.com and other sites with large pools of listings to which buyers are attracted.
Just 13% of recent sellers sold their home without professional representation. Only 7% of these sales were on the open market (cases where unrepresented sellers were selling to family, friends and neighbors account for 6 percent of all recent home sale activity).
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If you are thinking of selling or buying, feel free to contact me for any Real Estate questions regarding Des Plaines, IL and other neighboring areas.
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