Helpful Info, Local Real Estate News

Palatine Real Estate News on the Housing Market

I have been writing recently about the housing market and how the market is down which is not new to anyone. Because the housing market is down pricing your home right is what is going to sell your home. This is important for both buyers and sellers.

Real estate agents are getting bad reputations now a day for something that is completely out of our hands. Please remember we do not control the economy and the housing market.

We are here to represent the buyers and sellers and use the knowledge we have, in the best way that we know how, in order to get what our buyers and sellers want.

That is why it is so important to work with a knowledgeable agent, in my case a team of agents who know what your needs are, and we make sure that you get taken care of.

I am continueing to blog about different towns and keep you informed regarding Palatine real estate.
The months supply in Palatine Illinois has reduced from 12.46% from last year this time to 8.66%. This can be contributed to the average sales price dropping 16.16% and the amount of short sales that have been bought up.

In the last 6 months 13% of the sales have been short sales and foreclosures. People are either selling low or pulling their house off the market.

That is not an option for everyone as some people have to sell, so pricing your home right with an experienced and knowledgeable agent is what is going to set your home apart from the rest of the homes on the market.

Please contact us for more information on Palatine Homes and the surrounding areas in Cook County Illinois.

To View The Full Housing Market Report Click Here (PDF)

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