The following chart shows the market report of suppy and demand for all of 2011 for single family Lemont homes.
As you can easily see, like most southwest Chicago suburbs, there is a big discrepancy between the amount of homes available for sale in Lemont vs. those that went under contract or sold and closed. The month with the highest amount of active listings (the red line) was April and the lowest amount of inventory was in December.
The lowest months that homes went under contract were September, December and January. February had the least amount of homes that sold and closed. More Lemont homes went under contract in July and the highest amount of closings occurred in August.
The bottom line is, if you're a seller and your Lemont home has been sitting on the market waiting to sell you probably need to consider lowering your price or doing some updates or repairs to make your home stand out from all the rest currently on the market competing against you. With these kinds of figures it is easy to see why we are calling this a Buyer's Market. Buyers have a lot to choose from!
If you're thinking of buying and/or selling in this popular village give Judy Orr a call at 708-536-8200 or use the Email me link to the right.
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