Noah Levy

The Highland Park  IL Real Estate market showed  great improvement with the Median Sales Price during the month of February.   The median sales price for a single family home during February 2011 was $410,000.00 up 33% from $307,500.00 (which was the median sales price in February of 2010).   There are currently 257 single family homes for sale in Highland Park - ranging from $181,900.00 - $9,900,000.00.  There were 10 closings in Highland Park during the month of February  - of the 10  homes 2 were short sales and the remaining 8 were conventional sales.  The current median list price in Highland Park  is $729,000.00.  If you are a buyer there is good inventory available for sale ~ If you are a seller be sure that  you have your home positioned well.

Below is a detailed report of Highland Park's Real Estate trends:

As a REALTOR  in Highland Park Illinois  I am often asked ..... "How is the Real Estate  Market?"  Obviously, my clients ask me this question but I am also asked this question by friends, family and/or acquaintances. I am asked this question at the grocery store, while I am walking my dog, at school functions, as a spectator at a sporting event, cocktail party- anywhere and everywhere.

The Highland Park IL Real Estate Market is quite lively and filled with great opportunities in all price points. Current interest rates are low -  30 year conventional fixed is at  4.875%.  With the gorgeous weather and flowers in full bloom it's a wonderful time to consider a move!

Below is a snapshot of the Highland Park Real Estate Market:

There are 314 Single Family homes for sale in Highland Park IL ranging in list price of  $100,000.00 - $8,500,000.00

There are an additional  68 homes that are under contract.  The Real Estate Market in Highland Park IL has been very active with properties going under contract. The 68 single family homes range in list price of $134,000.00 - $3,800,000.00.  Of the 68 single family homes 28 went under contract during the month of May.

Since the beginning of the year a total of 132 single family homes have closed. During the month of May a total of 38 homes closed. Of the 38 homes which closedin May four were foreclosures, five were short sales and the remainder 29 were traditional sales. The least expensive home sold for $175,000.00 and the most expensive home  sold for $2,965,000.00.

The above article Highland Park IL Real Estate Market Update  was written by Noah Levy- Highland Park REALTOR.