Lemont Real Estate - Home Values are Higher than 2005
By Richard Parr, Home Security Specialist - Greater New Orleans, Louisiana
(ADT Security Services)
Property values in Lemont, IL, have increased since 2005. The data covers the last 3 years and shows that although the number of homes sold is down, the values have actually increased slightly. The chart below shows the decline in detached single family homes sales from 2005-2007.The data above confirms what the national media has been saying about the real estate market. It IS true, Lemont has shown declines in the number of homes sold just like the rest of the country. As a percentage, home sales are down about 25.5% during this period. Where the news reports make their mistake is with the broad generalizations regarding the home prices. Below you will see what has happened to local home values over this same period of time.This graph shows the average price of homes sold in Lem...
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