.

There's No Place Like Home-The Local Market

Check out the stats for homes sold for this year in comparison with the previous year. The opportunity continues for buyers to purchase homes at prices lower than previously possible.

For the first 9 months of this year, 169 homes have sold in Winnetka compared to 153 in first 9 months of ‘10.  There are 8 homes pending closing as we continue to carry nearly double the typical inventory load.

However, we do see signs of the market stabilizing.  This time last year the months supply was 15 compared to the current supply of 13 months. The average days on market for homes sold in September 2010 was 273 days compared to 236 for September of 2011.

For the first 9 months of this year, 104 homes have sold in Glencoe compared to 101 in first 9 months of ‘10.  There are 7 homes pending closing and a high supply of inventory remains on the market.  

There is market stabilization in Glencoe as well. This time last year the months supply was 19 compared to the current supply of 15 months. The average days on market for homes sold in September 2010 was 301 days compared to 246 for September of 2011.

The opportunity continues for buyers to purchase homes at prices lower than previously possible.

For sellers this means aggressive, attractive pricing is critical to attract those buyers.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something