Bloomingdale, Illinois Homes and Market Trends | A Look At October 2007
By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
As we approach the last 2 months of the year we often reflect on the year and the events that have taken place.The Bloomingdale real estate market has gone through many changes over the last 10 months. The media would like everyone to be panic-ed about where the market is and has been. This is no doubt that gone are the days of high prices and quick sales. Did we really think it was going to last forever?We have actually returned to a more normal market. Back are the days of fine negotiating.Here is a chart of ACTIVE (Single Family) LISTINGS in Bloomingdale and the MARKET TIMES (In days):There are a total of 96 single family homes for sale in Bloomingdale with an average marketing time of 145 days. Here is how it is broken down into number of bedrooms and average listing prices...# Bed...
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