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Palatine - Single Family market update
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: $1,695,000There 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.
Visit Suburban House Hunters for more information about Palatine Real Estate including a free mls search that includes all homes on the market.
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