Arlington Heights, IL Real Estate and News

This Blog has been created to keep the residents of Arlington Heights informed of what is going on in our town. Please bookmark the sight as news will be posted on a regular basis. Local business owners or residents feel free to e-mail us at Let us know of any special events, grand openings, or anything else that local residents may find of interest.

Friday, December 15, 2006

Quick market overview

The graph to the left shows the number of homes on the market (red), the number that are under contract (blue) and the number that closed that month (green).

The trend that is shown in this graph shows that there is an increasing inventory in Arlington Heights. Seller have been feeling this for some time now as market times have increased. The average days on market has gone from 42 in Nov '05 to 64 in Nov '06. This is a 50% increase in the time it will take for your home to sell.

Now on the flip side things are actually not all that bad. These numbers don't look good comapred to the last couple of years, but in reality they are not all that bad. We are still seeing average home prices increase and homes that are priced correctly are still selling.

Visit Suburban House Hunters if you would like to know more about the Arlington Heights real estate market.