Signs of life in our Hoffman Estates Real Estate Market recently. We are moving ahead and sales have finally reached above the 2010 level of closings. For the 3rd Quarter of 2011 Hoffman Estates Single Family Homes are 20% above 2010 closings and Hoffman Estates Multi-Family are an amazing 45% over 2010.
As of yet there are still no price gains that I can see with the foreclosures still leading the way in current sales. If all goes well, the next trend will be for prices to finally level off and slight increases to begin. This also would depend on how much inventory we have going into the winter months ahead. Currently the number of properties for sale is also down from the 2010 levels.
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Lyn, That is encouraging news! A lot of My customers come from Your part of the world. I hope Your market heats up even more!!!
This chart looks like a solid base to build on going into 2012. If inventory levels are lower than last year, that's encouraging for price gains in the future. Fingers crossed!
Lyn
The numbers are moving in the right direction.
Good luck and success.
Lou Ludwig
Eye popping charts and great synopsis for the Hoffman Estates IL Real Estate market!
Renee: Thanks, great compliment coming from you.
Lou: I'm excited that the numbers are rising.
Bryan: Inventory is down from 2010 but it's hard to predict going into the slower winter months.
John: Thanks, as I said, signs of life.