Thursday, June 2, 2016

Skokie IL Real Estate Outlook May 2016

The Skokie IL Real Estate stats are very interesting this month. We have a 17.9% change in new
listings of all properties, a 7.1% change in closed sales and 10.7% less inventory of all types of property. Overall the stats look promising for Skokie at this time. As far as Skokie IL single family homes we have 18.8% new listings with 95 new homes on the market in April of 2016 and 80 the same time last year. Skokie has a 29.2% gain of under contract single family homes with 62 currently and 48 last April. Closed sales are up 2.9% with 35 homes this April and 34 last year at this time. The average sale price of a single family home in Skokie IL currently is up 9.1% at $334,200 and last year in April of 2015 was $306,307.The average market time is down 4.5% at 168 days and last year we had 176 days.

Taking a look at the Skokie IL condominium scene new listing are up 16.3% with 50 condo on the market in April of 2016 and 43 last April. Under contract condos are up 30% with 26 properties in the April market and 20 last year. Closed sales are up 13.6% with 25 properties as compared to 22 last April. The average sales price for Skokie IL condos currently is up 3.7% at $196,204 and last year was $189,211. The average market time before a sale for Skokie condos is up 60.7% to 90 days as compared to only 56 days last year at this time.

If you are interested in the latest inventory click Skokie IL Homes for sale and also Skokie IL Condos for sale. This is a direct connection to the Multiple Listing Service (MLS) with the data updated on the fly. This is the most accurate source your will find.
Skokie IL


Skokie IL is a great place to live, the prices and property taxes are lower compared to its neighbor to the East in Evanston IL.
Understanding your Expectations and Exceeding them
Skokie IL
(800) 858-7917

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