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Wilmette IL Home Sale Absorption Rate 2015
Knowing the absorption rate of a particular neighborhood or price range is a great help in determining what you should sell or buy for.   Pretend that no new listings come on the market - then the time it would take for everything currently on sale to sell is your absorption rate.  
The number of months to sell all the current inventory gives us a good idea of the rate at which buyers are purchasing.  It can also tell us whether we have a seller's, buyer's, or balanced market.


Here are the absorption rates for various types of parameters:

I have been writing for a long time about how hot Wilmette real estate is.  With the exception of homes priced over $2 million, all segments of the Wilmette real estate market are a seller's market.  In fact, it is probably even more so since there are a number of off-market and off-MLS listings that are sold.
To illustrate, I called a Wilmette client yesterday who indicated she was going to list her house in the spring.  I wanted to follow up with her and she told me an interesting story.  She had mentioned to several neighbors her ... more

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