Improved real estate market statistics over same period last year

Over the past month, the number of accepted sales contracts in Burr Ridge (for detached homes) is 133% of what is was last year at this same time. There were 8 transactions from 4/26/08-5/26/08 versus 6 from 4/26/07-5/26/07. In Burr Ridge, the average market exposure time for active listings is 250 days.

By comparison, in Clarendon Hills, the same period had 9 accepted sales contracts versus 8 over the same time frame last year. The average time a house listing stays on market in Clarendon Hills is 262 days.

Hinsdale, a town where the average asking price is $1,398,677, has shown a  36% increase in sales activity over the same period in question. This year, 30 new contracts were accepted on detached homes whereas there were 22 last year at this time. The average market exposure time is 214 days.

Lastly, in Western Springs, there had been 15 newly accepted contract over the 30 day period ending 5/26/08. In 2007, there were 15. This is a decrease of 12% in sales volume. The average marketing time is 227 days.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.