Schaumburg Condo's - Market Update
By Star Smith
(Suburban House Hunters Team (CSI, Inc.))
While the estimated inventory hasn't gone up (still 11 months) there has been a large drop in the number of condos under contract. This will mean less closings over the next 2 months and an increase in teh months of inventory. We will watch this as it could be a sign of a slowing market. Compared to last month things still look very good for the condo market in Schaumburg.Currently on the Market: 92 Currently Under Contract: 13 Closed in the last 90 Days: 25 Est. Inventory: 11 Months Lowest Price: $95,500 (Studio)Highest Price: $272,900Last Market Update: 10/04/06, 09/05/06, 07/23/06 Visit Suburban House Hunters for more information about Schaumburg Condos including a free mls search that includes all condos on the market.