The Skokie IL Real Estate report is in for August. We will take a little time and go through an analysis of the situation of this month as compared to the same time frame of one year ago. We can try to get a picture of what is currently going on and some eyes into the future if that is possible? We provide a great report at the end of this piece that will help you dig in even deeper if you like to view stats. I sure do.
In the complete picture for Skokie Real Estate we see 25.7% less new listings of all types of properties and 9.9% less closed sales. The inventory is down 17.7% and indicates a lack of property for sale. This means that it is a good time to sell if you are considering a move. The sales of Skokie homes and condos have boomed this Spring and Summer.
On to the Skokie Real Estate scene for single family homes. During this one month time frame we are viewing today we have a 27.4% loss in new listings with 69 properties going on for sale as compared to 95 one year ago at the same time. Under contract properties are down 21.1% with 45 houses in Skokie going pending and last year during this month the figure was 57 properties. The average sales price of a Skokie Single Family home is up6% to $334,760, last year at this time it was $315,772. The average market time is up 21.4% to 68 days before a contract and last year it was only 56 days.
In Skokie Real Estate concerning condos, new listings are down 22.4% this month from 49 last year to only 38 properties presently this month. The under contract figure is flat, we had 28 this month and the same in 2015. The average sales price of a condo in Skokie is up 13.3% to $182.019 from last years $160,689. Also the average market time is down 37.1% from 62 days until a contract last year to only 39 now. That is a rocking market.
If you want a further explanation of what is going on in the Skokie Real Estate situation or have any questions about the process please let us know. We are here to help you.
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