2007 is not going to be a record-setting year for high residential sales activity in Hinsdale, but it's much better than the mass media would have you believe.

The chart above references two years of supply (red) and demand (green) for detached homes in Hinsdale Illinois. At a glance, it is clear that there is a disparity between the quantity of solds (green) and the number of active listings (red). Also, there has been a decline in the number of solds on a monthly basis which can be seen by the downward angle of the line over the green bars. That’s what the chart says. Here’s what I say….

In Hinsdale IL over the past 30 days, there had been 25 contracts accepted on single family detached homes. Over the same 30 day period last year, there were 22. This is a 14% increase over last year. That’s a positive.

In Hinsdale, there are 323 active listings on market. Of these, 36 are under contract. That represents 11% of the available listing inventory being under contract. Moreover, the average days-on-market is 203 days (between 6 and 7 months). The average asking price is $1,508,737.

Now for the plain English version:

• Homes are selling at or near the rate they were selling last year
• Buyers have more homes from which to choose
• Homes are taking a lot longer to sell
• The best homes sell first. Those devoid of external or functional problems. Those which are priced right. Those which are professionally marketed.

If you have any specific inquiry regarding your personal real estate, just ask me. Oh yeah…MLS information is considered reliable, but is not guaranteed.

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