Tuesday, August 2, 2016

Skokie IL Real Estate July 2016

The July Skokie IL Real Estate report is available. The numbers are interesting as usual. Today we
are going to take a look at the a comparison of figures for today Vs one year ago at in the same time frame of the month ending July 14th. We see a 1.5% gain in new listings for all types of property and 4.3% more closed sales. There is 11.2% less inventory for Skokie IL. This indicated a good time to sell your property if you want to move. In single family homes we have a slight gain in new listings with 84 as opposed to 82 this month last year a gain of 2.4%. Under contract single family homes in Skokie IL are up 13.8% with 66 houses and 58 this period last year. Closed sales are up 11.5% with 68 houses closing in June and 61 last year. The average price of a Skokie house is up 19.5% to $375,122, last year at this time it was $313,971. Average market for a house to go under contract in Skokie 78 days up 1.3% from 77 days last year.

Now on to Condos, the number of new listings is flat, 51 this month, the same last year. Under contract condominiums are down 3% to 32 as opposed to 33 in June of last year. Closed sales are down 9.7% from June of 2015, 31 condos closed last year and 28 in the same time frame this year. The average sales price of a condo is up 3.3% to $186,016 and in 2015 it was $180,146. The average market time of a condo is up 68.2% to 143 days until a contract as opposed to last year's 108 days.

Click Skokie IL Houses for sale and Skokie IL condos for sale to see the latest inventory. This is a direct connection to the Multiple Listing Service (MLS) and updated live. You will not see more
accurate data.



Understanding your Expectations and Exceeding them
(800) 858-7917
Skokie IL Real Estate

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