A summary market report for Hinsdale, Clarendon Hills and Western Springs

As we midway through the holiday season of 2007, be cognizant that a number of home sellers have taken their home off market. The goal of this activity has been either:

1. Take a break from showings during the bust holiday season

2. Reset the marketing time days-on-market back to zero

Here are some basic market stats for this week:

In Hinsdale IL, there are 296 active listings of detached homes. Their average days-on-market is 244. Of these 296 homes, 14 (or 5%) are under contract. The average (mean) asking price is $1,451,499.

By comparison, Clarendon Hills IL has 105 active listings of detached homes (not condos, apartments or town houses). The mean marketing time is 264 days. Of the 105 homes on market at this time, 6 (or 6%) are under contract. The average asking price is $836,522.

The homes actively being marketed in Western Springs have an average marketing time of 253 days. There are 134  detached homes on the market right now. 7% of them (9 houses) are under contract. The average asking price is now $815,132.

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