Hanover Park IL Real Estate - Curious about what the housing market is doing?

Real Estate Agent with Streamwood, Elgin IL Real Estate - RE/MAX Suburban Here's the Blog Dog

Positive Signs continue in our Northwest Suburban Realhanover park IL real estate,hanover park IL homes, Estate Market for the 8th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings. For November, Hanover Park Single Family Homes have now reached the number of 2010 closings and Hanover Park Multi-Family are down 31% over 2010.  

For Hanover Park there are still no price gains calculated with foreclosures still leading the way in current sales.  What is promising is that in a few different surrounding markets the average sales prices are now stabilizing.  If all goes well, our next trend will be for prices to finally level off and slight increases to begin in our area. I should point out that how much inventory we have going into winter is very important and we currently are holding near 8 months supply.  We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.

My summary shows painfully slow growth and sales have been erratic at best at the beginning and again for the end of this year.

Hanover Park Home supply declined (yipee) for November at 4.5 months from October's 7 months.  Homes under contract was 16.2% of inventory which is excellent and above surrounding area sales.

The median sales price is now $100,000 from $124,900 just the month before showing that the absolute lower end homes are selling first.

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Looking for an agent that knows this fluctuating market?  Give me a call to discuss your housing situation and needs.

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Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Great post and good graphics with pretty good numbers. I hope the folks appreciate your post and it brings you bussiness as well.

Dec 26, 2011 12:57 AM #1
Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

Well, you are on the mend and suprised to see the low price point of the homes sold. Warm Regards from Ann Arbor, MI

Dec 26, 2011 01:17 AM #2
Lyn Sims and the Blog Dog
Streamwood, Elgin IL Real Estate - RE/MAX Suburban - Bartlett, IL

Charles:  Thanks.

Kathy:  Yes, sellers are upset about the changes also. My average sales price has plummeted.

Dec 31, 2011 11:39 AM #3
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