2008 '1/2 in the can' market update for Palatine homes 7.13.08:
Single Family
Active listings: 364
Under contract: 48
Sold & Closed: 121
Avg days on market: 184
Condo/Coach home
Active listings: 444
Under contract: 61
Sold & Closed: 125
Avg days on market: 209
Townhome
Active listings: 273
Under contract: 25
Sold & Closed: 79
Avg days on market: 219
The first 1/2 of 2008 is already behind us! You can see the first 1/2 numbers for Palatine Real Estate and homes above show the dramatic over supply of listings compared to what has actually gone under contract and closed so far this year. This continues to be one of the best times ever to buy, and most of what we have seen sell has been the lowest priced for the condition property. The listings that are priced with the average just sit among all the choices while buyers wait for sellers to reduce to the market value. The theme for 2008 continues: If you don't need to sell, don't! If you are even remotely considering buying, get out there and do it!
This data comes courtesy of MRED MLS and covers 1/1/08 to 6/30/08.
Palatine Real Estate Background
Palatine is a community rich with history dating back to the 1830's. The village was incorporated in 1866 after it grew around the old railroad station. Today there is a new commuter stop for Metra, and downtown Palatine is thriving again with new growth and development. When considering their Real Estate options, many residents have chosen to call Palatine home due to its close proximity to just about anywhere in the Chicagoland area via the train or Route 53. There are many jobs nearby, great schools (Palatine District 15 and High School District 211), a wonderful park district, library, and plenty of shopping just minutes away. As a result Palatine homes for sale and Palatine Real Estate have enjoyed much appreciation over the years. When you are considering your next move, be sure to think about making a piece of Palatine IL Real Estate your home. Check out the links here when researching the area to see if you would like to call Palatine home. Scroll up and start your search to see which Palatine homes are available now.
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