Signs of life in our Schaumburg Real Estate Market recently. We are moving ahead and sales have finally reached above the 2010 level of closings. For the 3rd Quarter of 2011 Schaumburg Single Family Homes are 32.2% above 2010 closings and Schaumburg Multi-Family are 20.2% over 2010 closings.
As of yet there are still no price gains that I can see with the foreclosures still leading the way in current sales. If all goes well, the next trend will be for prices to finally level off and slight increases to begin. This also would depend on how much inventory we have going into the winter months ahead.
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Northwest Suburban Market Update, Sept. 2011
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