On the tables below, we see the number of available homes on the market in the past three years by their sales type.
Inventory is slightly smaller in 2010 compared to 2012.
As of July 2012 we have 243 traditional homes on the market, 28 REO/Foreclosed Properties and 98 Short Sales in Mount Prospect, IL.
On the second table we see the average prices by the type of home for sale in Mount Prospect.
The average traditional home price in Mount Prospect, IL is $286,625 compared to $336,569 in 2009.
Buyers are looking for a great deal and some are sending offers that are 30% lower than the listing price. The table below shows the percentage of homes sold from the original listed price in Mount Prospect. Short sale homes were sold for almost 20% less than the original price. Traditional home and REO properties were sold at an average of 10% less to the original listing price.
All numbers above are provided by MRED MLS.
Mount Prospect Real Estate Market Trends 2007 - 2011
Mount Prospect Home Sale - Traditional, REO, and Short Sale numbers
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Mount Prospect Real Estate on Homes By Haris.
Haris Dedic, Realtor®, SFR, SRES
With RE/MAX Villager
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Haris great detailed Market Report for your market. Hope your Buyers & Sellers appreciate the research that you have done to provide this!