THE BUFFALO GROVE REAL ESTATE MARKET IS COMING BACK SLOWLY

THE BUFFALO GROVE MARKET IS STARTING TO STABILZE

I believe we are starting to see, barring any catastrophic occurrences pricing starting to stabilize,based on year to comparisons.If we look at single family homes-Buffalo Grove,in all price category’s we see a slightly promising outlook.
Buffalo Grove real estate salesIn comparing prices between 2008 and 2009,we saw prices drop 9.8%.If we compare 2009 to 2010,and annualize it out we would we down 5%
If you take mid year 2008-2009 and compare it to mid year 2009-2010 prices are down 6.5%
For the last two years market time has been basically the same 121 days,and list price to sales price around 90%
.
We are also on pace to have similar total sales per the last three years at 208+ a year.
Inventory is still high but still coming down.
Feel free to comment to ask any questions.

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