An important measure of Chicago’s western suburban real estate market performance is the number of accepted contracts received versus the same thirty day period last year. In this mini report, we will examine the real estate sales activity in Burr Ridge, Clarendon Hills, Downers Grove, Hinsdale, La Grange and Western Springs.

The numbers indicated below will show the percentage increase in the number of accepted real estate sales contracts for single family detached homes (not condos, town houses or vacant land) for the thirty day period ending November 9, 2009 versus the same marketing period last year.

Hinsdale: 127% increase

Western Springs: 220% increase

Clarendon Hills: 117% increase

Burr Ridge: 200% increase

Downers Grove: 189% increase

La Grange: 114% increase

Be advised that marketing times are averaging 8-12 months dependent on town, housing type and price range. In most cases, there is a direct relationship between the price of the house and the length of time on market. More expensive homes are taking longer to sell.

If you are interested in selling your home, what questions may I answer for you?

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