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:
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.