Highland Park Illinois Real Estate Market Update
Curious how the Highland Park Illinois Real Estate market is? Is it a good time to buy? Is it a good time to put your home on the market?
As a Real Estate Professional and a resident of Highland Park IL I am often asked questions about the Real Estate Market. I believe that 2010 is off to a great start!! Homes are selling, there are various buyers within various price points (who are actually ready to buy), interest rates are holding their own and the tax incentives are a benefit to some buyers as well as sellers.
Currently there are 289 single family homes on the market - ranging from $139,000 - $8,930,000. A buyer who wants to move to Highland Park has a wide range of inventory to choose from not only in terms of price but also in terms of location and the condition of a home.
Additionally, 44 single family homes are under contract and 18 single family homes closed in January,2010. Of the 18 homes that closed only one home was a bank owned property the rest of the closed sales were conventional sales. This is a positive sign for the Real Estate Market.
Are you planning on selling your home in 2010? Before you do take a little bit of time in prepping your home . It's amazing what a few minor repairs and a fresh coat of paint can do to a home. But don't wait too long - the current Real Estate Market is active.
Are you a buyer who plans on buying in 2010? Be sure to partner with a Real Estate Professional who works full time, knows the marketplace and understands your needs. A Real Estate Professional not only helps a buyer find a perfect home they are there from start to close and will guide you throughout the entire process.
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