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Northern Illinois Real Estate - Housing Market Statistics for Palatine - December 2010

By Julie Anne

Real Estate Agent with Keller Williams

January 21, 2011 03:25 PM

Homes in Palatine Illinois

Homes in Palatine Illinois

The market statistics for home sales in Palatine IL for the month of December 2010.

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 is the same for single family homes and up for attached single family homes. Our average LP of sold homes is up for single family homes and down for attached single family homes. Average Sale Price of homes sold is up for single family homes and down for attached single family homes, and our LP/SP ratio is the same 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 up for attached single family homes in Palatine in the last months over November 2010 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.

11/01/2010- 11/30/2010		12/1/2010-12/31/2010


Sold#			Sold#
Detached homes	19		Detached homes	19
Attached homes	32		Attached homes	29

Avg LP Sold			Avg LP Sold
Detached homes	342410		Detached homes	357476
Attached homes	152150		Attached homes	138528

Avg SP			Avg SP
Detached homes	322293		Detached homes	331592
Attached homes	142915		Attached homes	132007

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

Avg MT Sold			Avg MT Sold
Detached homes	293		Detached homes	188
Attached homes	166		Attached homes	226

Absorption Rate

Palatine Current Inventory of Homes On Market:
Detached homes	299
Attached homes	587

Homes Selling Per Month:
Detached homes	19
Attached homes	29

Palatine Currently Has:
Detached homes	15	Months of Inventory Active now
Attached homes	20	Months of inventory Active now


*Information compiled from the MLS, not guaranteed