Been a little over a month sense the last update so here is more current information. Here is a quick overview of the single family market in Palatine, IL. There current market for single family homes is now over a years worth of inventory. If the inventory becomes larger we might start to see a true buyers market.
- Currently on the Market: 315
- Currently Under Contract: 50
- Closed in the last 90 Days: 73
- Est. Inventory: 14 Months
- Lowest Price: $249,000
- Highest Price: $1,695,000
There are about the same amount of homes on the market as last month, but there have been more closings in the last 3 months so the estimated inventory has decreased. This number very well may increase as there are fewer homes under contract than there was a month ago.