Key real estate market indicators for the current market

On a weekly basis, I extract the key market statistics in an effort to keep a watch of goings on in our market area. Here’s how the MLS numbers look as of this morning (by town):

Clarendon Hills

Currently, there are 122 active listings of detached homes in Clarendon Hills. These homes have an average market exposure time of 223 days. Of these 122 homes, 12 are under contract. Over the past 30 days, there have been 8 contracts accepted where there had been 7 accepted over the same 30 day period last year. The average asking price is $829,149.

Hinsdale

The local MLS is reporting 362 active listings of detached homes in Hinsdale IL. Their average days on market is 216 days. Of these 362 homes, 25 are under contract. Over the course of the last month, there have been 30 new contracts accepted on detached homes. In 2006, over the same period, there were 16 accepted contracts over the same time frame. The average asking price is $1,434,479.

Western Springs

Western Springs has 147 active listings of detached houses on the market right now. The average market exposure time is 217 days. Of these 147 homes, there are recently accepted contracts on 16 of them. Over the past 30 days, there were 9 accepted contracts. This compares to 16 that were accepted over the same time period last year. The current average asking price in Western Springs is $812,376.

Click Here To Search The ENTIRE Chicago Metropolitan MLS - Updated Hourly- Large Photos - Easy-To-Read Maps

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.