The Skokie IL Real Estate Report for June 2016 is out and there are some interesting stats. Single Family Homes are doing better than Condos but the numbers are very interesting for this month. Looking at all types of properties we have a 2.2% gain in new listings and a 1.5% gain in closed sales of all types of property. However the inventory is down 11.2%. Looking at detached properties, this is single family homes, we have 1.1% less new listings, there are 94 new homes on the market for this month, we had 95 at the same time frame of 2015. What is a very interesting stat is that we have 32.7% more under contract houses this month with 73 homes as opposed to only 55 going under contract last year at this time. The average sales price for a house in Skokie IL is up 20.6% to $349,535 Vs $289,833 in the same month last year. The average market time is down 45.4% to only 77 days and was 141 days in the same period of last year.
Taking a look at the condominium scene in Skokie IL we have 10% more new listing with 44 condos coming on the market this month as opposed to 40 last year, same time frame. The under contract figure is down 22.9% to 27 condos and last year it was 35 properties. The average sales price of a condo in Skokie is up 29.7% to $197,996 from last year’s $152,621. The average market time for a condo in Skokie IL to go under contract is up 150.9% from last year’s 55 days to the present 138 days.
We see good values in Skokie IL and the community has so much to offer. If you have any questions about Skokie IL Real Estate or the community in general please give us a call or check out our web site.
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