I posted about Arlington Heights IL in the last post so I figured you should see some hard numbers. I am going to use only single family homes for this update.
Homes listed - 496
Under Contract - 89
Closed in the last 90 days - 85
If it takes 90 days for 85 homes to sell then we have 524 days of inventory on the market today. That means if nothing new is added and home sales stayed the same as the last 90 days that it would take well over a year to sell every home that is currently listed. The one bright spot is that there are 89 homes under contract and that might help increase the sales pace a little.
This helps show that YES the market is MUCH slower and you need to work with an agent or team of agents that can offer a great marketing plan that includes a web site that ranks high in Google. The Suburban House Hunters Team offers just that for anyone thinking of selling a home in Arlington Heights.
Details about some Condo Developments: