New Lenox and Frankfort Real Estate Market Conditions & Reports, New Lenox and Frankfort Market Trends, Illinois

Market Commentary Provided by Ron Daly

Report Date

Fall 2009

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Ron Daly
Coldwell Banker Honig Bell
Orland Park, Illinois
708-822-3468
dalyro@msn.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

More than 120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$300,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 15-20%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in New Lenox and Frankfort is

Seller Activity for the past 90 days in New Lenox and Frankfort is

Is Financing Available For Qualified Buyers in New Lenox and Frankfort?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Frankfort and New lenox have a lot of growth for new housing.

Reason to Buy/Sell

Other

Average Sold Price

$300,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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