At the request of a regular real estate blog reader, I am presenting a comparison of 2008 real estate sales activity versus that of 2007. The numbers contained herein are derived from the MLS and reflect the latest 30 days of real estate market activity as of September 8, 2008.

Town                    #of sold 2008       #of sold 2007     % change

Burr Ridge            8                        4                     200%   

Clarendon Hills      10                     8                     125%

Downers Grove      44                     32                    138%

Elmhurst              33                      30                   110%

Hinsdale              21                       15                   140%

LaGrange             10                       8                    125%

Western Springs   10                     10                    100%

Overall, it appears as if we have experienced a measurable better August than we had in 2007. Marketing times are averaging eight to nine months. Sales-to-list price ratios are averaging in the low to mid 90’s, dependent on the town and price range.

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