Bartlett IL Homes - Bartlett IL Real Estate - Housing Market for August 2012
Looking for current and concise market information for Bartlett IL Homes? You've come to the right place and I've actually been seeing a distinct improvement for the last 15 months. Interest rates have never been lower with affordability continuing to be the best it's ever been.
Let's talk about a few different market facets here - the months supply of inventory for Bartlett IL
Homes has been steadily decreasing and has actually kept our recovery on an even keel. We have 29% less in housing inventory then we did a year ago. With too many homes on the market that makes it more competitive and prices are forced downward, this is what we have experienced in the past.
Another indicator that the Bartlett IL market is improving is the number of homes that go under contract each month. We are 20% under 2011 levels which is not a good sign (Bartlett is the only community to do so). Currently we are at 14% for homes and 20% for townhomes/condos. These numbers are terrific and these numbers are the highest in over 2 years! (Compare other areas)
I'm positive about the market in Bartlett! It's been constantly improving from the number of homes that go under contract each month to the average sold prices.
to move up to that larger home and also take advantage of the interest rates and great prices. Just one problem - they can't sell their current home. Same conditions for people that want to downsize.In the first time home buyer price point under $150,000 there have been multiple offer situations on most properties. The market is heating up and buyers can't believe that this is truly happening. I've watched a great buyer lose out on multiple homes with multiple offers! Lose out on a few of those homes and your strategy will have to change.
The graph on average prices does not indicate that prices are finally on the rise. It just means that more upper end homes are now selling and are elevating those average prices. We can finally say that the upper end homes ($400,000 and above) are beginning to see movement again. Sorry to say there are no price increases at this time. The mainstream media might be reporting it, but prices are not increasing in our area.
If you are thinking of buying a Bartlett IL Home, I hope you'll consider me as a 'buyers agent' for your purchase. An experienced veteran, like myself, can steer you around all the rough patches and help you take advantage of buyer trends.Search for Bartlett IL Homes
Bartlett IL Home Foreclosures
Bartlett IL Townhomes
Bartlett IL Townhome Foreclosures
Bartlett Community Overview
Sources: MRED, Agent Metrics, my little pencil.
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