Noah Levy

As a REALTOR  in Highland Park Illinois the number one question that I am always asked is..... "How is the 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.

So to answer "How is the real estate market  in Highland Park Illinois" - I have gathered information from the Coldwell Banker Market update and the MLS to provide information which I think a consumer would find of interest:

1. Home prices in Highland Park Illinois are currently similar to what the prices were in 2003.

2. Highest list price for a single family home in Highland Park Illinois is shy of $9,000,000 while the lowest list price is $140,000.

3. The average list price for a single family home in Highland Park Illinois is $985,000 and the median price is $649,500.

4. The average listing market time in Highland Park Illinois is in excess of 6 months - understand that this is an average and that "pricing a home right for today's market" will result in a quicker sale.

5. Selling price vs. listing price - the average in October of 2009 in Highland Park Illinois was 83.3%.

I think that it is a wonderful time to sell if you are looking for a great opportunity to buy - I have had two clients who recently sold their homes for less than they had paid for them in 2004/2005 but made up for  it up on their buy. If you do not own anything it's a wonderful time to buy too.  With the extended tax credits in place and interest rates under 5% for a conventional loan - there are some amazing opportunities in Highland Park Illinois.

So How is the Market in Highland Park Illinois?  I think it's good! The market in Highland Park Illinois is filled with opportunities!!