We have the Skokie IL Real Estate market report for March of 2016.
The news for Skokie is really
amazing on all fronts. Let me tell you
about it. We see a 47.1% gain in new listings of all types of
properties, for this period as compared to last year at this time. There
is 33.3% less closed sales and 3.4% less inventory. It
is a temporary situation, we expect a very busy Spring Real Estate
market, things just continued through the winter last year and we got
slightly over sold. Coldwell Banker Skokie predicts this will change
very soon.
To break it down a bit for Skokie single family homes,
we have 58.8% more new listings this month and 16.7% more properties
under contract. Skokie is seeing a 58.8% gain in closed sales in this
period as compared to last year at this time and the average sales price
is up 13% to $305,000 from $279,000 last year at the same time. The
average market time has gone up to 119 days, was 114 days this time in
2015.
Click
Skokie IL Homes for Sale and
Skokie IL condos for sale to see the latest inventory.
Looking
at Skokie condos we have 29.4% less new listings and 8.7% more
properties under contract. Skokie has 10.5% more closed sales of condo
and the average sales price is up a whopping 87.1% to $215,421, last
year at this time it was $115,147. The average market time is up 23.4%
to 95 days from 77 days in this time frame last year. It is a great
opportunity to sell a condo in Skokie IL.
If you want to find out more about the Skokie IL real estate scene give us a call and we can answer any of your questions.
Coldwell Banker Skokie (800) 858-7917.
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