I collected all the data about Skokie, IL from MLS and made this easy to understand chart so we can see the real estate market trends for the past five years.
As we can see below, there were 463 properties sold in 2009 in Skokie, IL with an average market time of 154 days. Average sold price was $268,605. Before the bubble burst, the home value was 38% higher in 2007 comparing with today's average home value in Skokie, IL.
Few other local reports on my blog:
Glenview, IL real estate market trends 05-09
Morton Grove, IL real estate market trends 05-09
Niles, IL real estate market trends in 2009
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 recent buyers used the Internet in their home search), and unrepresented sellers have no access to major online marketing avenues such as REALTOR.com and other sites with large pools of listings to which buyers are attracted.
Check here for my regular posts on the local real estate market conditions and other local community events.
If you are thinking of selling or buying, feel free to contact me for any Real Estate questions regarding Skokie, IL and other neighboring areas.
Haris, Nicely done. I like the way you have done the graphs and they a brief history.
Haris: Beautiful graphs and post! Plus ... Pointing out that the internet plays such an integral part in the current home buying process should be noted by all. Realtors such as yourself, that take full advantage of the great services and benefits offered by the internet then pass on and utilize that knowledge to the good and great benefit of their customers ... something those searching for a realtor and a home should take note of. Good post ..
Gene