Wednesday, December 12, 2007

Time on the market in Chicagoland...

Here's a little snippet from Mary's Sunday column:

Headrick-Wagner Consulting concluded the following for Chicago-area homes that sold between mid-November 2006 and mid-November of this year:

*Homes priced $100,000 to $300,000 took 111 days to sell;

*Homes priced $300,000 to $500,000 took 130 days;
*Homes priced $500,000 to $750,000 took 148 days;
*Homes priced $750,000 and more took 194 days.

Those, of course, are the ones that went under contract; active listings (that is, on the market but unsold) were averaging 153 days, 175 days, 200 days and 242 days, respectively, as of mid-November, the appraisers said.

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