For Schaumburg there are still no price gains however with the foreclosures still leading the way in current sales. What is promising is that in a few different surrounding markets the average sales prices are now going up. If all goes well, our next trend will be for prices to finally level off and slight increases to begin for Schaumburg. This also would have to take into account how much inventory we have going into the winter months. Currently the number of properties for sale is down 6% from the 2010 levels. We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.
My summary would be 'growth in erratic spurts' but still growth just the same.
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