Hanover Park IL Real Estate - What's going on with home sales?

People are always asking me “Lyn, how many homes are selling?”   Well that seems to make a difference is what area or subdivision you live in.  It’s really not an evasive answer.  Each area and subdivision is totally different!  Here’s what I can tell you about the overall Hanover Park market –

Single Family Homes -  Hanover Park averages 22 home sales a month.  Inventory is down substantially. The percentage of homes going under contract each month is 24 to 37%. Market time is 134 days which isn't exactly quick. Average Sold Price was $144,371 for the 2nd quarter 2013.

Multi-Family Homes - Hanover Park averages 19 sales per month. Inventory is higher than single family homes.  The percentage of homes going under contract each month is 27 to 31%. Market time is 118 days. Average sold price was $84,410 for the 2nd quarter.



Looking for a home in Hanover Park?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are still great even with the latest rate hike and many programs are available depending on your down payment.  
  
These are the current market numbers and availability for housing types in Hanover Park.  Lots of great selections but you will have to move quickly in this market depending on your price range.
 
To search for homes currently available in Hanover Park, please go directly to my site to get started.     Homes     Condos/Townhomes


Other interesting articles for sellers or buyers are also available at www.LynSims.net  to make you market 'savvy' before you start your home search. I will help you every step of the way!

Northwest Suburbs Market Report - June 2013