Mount Prospect IL Real Estate Trends 2005 - 2009
By Haris Dedic, Glenview Real Estate - Chicago North Shore
(Villager Realty 847-878-2588)
It really took me a while to collect all the data from the MLS and to make an easy to understand chart that reflects the Real Estate Market Trends in Mount Prospect IL. On the chart below you can compare average sold price, time on the market, and how many homes were sold in the past 5 years. Here is my a quick summary comparing 2005 with 2009: • 796 homes were sold in 2005 compared to 399 in 2009. 50% less in volume.• Average sold price was $309,176 in 2005 compared to $257,893 in 2009 which is 17% less than 2005.• To sell a home today it would take 3 times longer in current days compared to the 2005 real estate market trend. Few Stats from National Association of REALTORS®, 2009 Selling a home is a full-time job. And most of today's buyers are online (nearly 9 of 10 r...
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