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27

Mar

What Is Months Supply of Inventory?

Posted by Michael Long  Published in Things You Should Know

When I put out my market statistics for communities around Chicago I pull a large number of stats to share with you.  One of my favorites is Months Supply of Inventory or MSI.  This is a simple way to help us talk about whether or not we are in a “buyers” or “sellers” market.  A [...]

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26

Mar

Clarendon Hills, IL - Chicago’s Western Suburbs - Real Estate Information - February 2009

Posted by Michael Long  Published in Market Update

Let’s take a quick glance at what was going on with the Clarendon Hills real estate market for the month of February 2009.  As always you can contact me with additional questions.

The average home price over the past 13 months is $598,000.
The months supply of inventory for Clarendon Hills for February was 95 months.  As [...]

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13

Mar

Westmont, IL - Chicago’s Western Suburbs - Real Estate Information - February 2009

Posted by Michael Long  Published in Market Update, Westmont

Let’s take a look at how the Westmont real estate market did last month for single family homes.
Total number of properties on the market as of February 28th was 130.  That is down just 1% from a year ago this time.  Looking at the total number of properties in Westmont under contract is 5…down 29% [...]

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11

Mar

Downers Grove, IL - Chicago’s Western Suburbs - Real Estate Information - February 2009

Posted by Michael Long  Published in Downers Grove, Market Update

Let’s take a look at how single family homes in Downers Grove did as of the end of February 2009.
Total number of single family homes for sale at the end of February was 434 which is down 9% from last February.  Total number of properties that accepted a contract in the month was 16.  That [...]

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9

Mar

Lisle, IL - Chicago’s Western Suburbs - Real Estate Information - February 2009

Posted by Michael Long  Published in Lisle, Market Update

Let’s take a closer look at Lisle, IL real estate market statistics as of February 2009.
Total number of single family properties for sale as of February 2009 was 124.  That is up 6% from last February which saw 117 on market.  Number under contract is 5 (same as last year.)  Total number sold was 7 [...]

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7

Mar

Daylight Savings - Don’t Forget to “Spring Forward” This Weekend Chicagoland

Posted by Michael Long  Published in Things You Should Know

This weekend, the weekend of March 6-8, is when we are to set are clocks one hour forward.  We do this at 2am on Sunday morning, March 8, 2009.  Or, you can do as I do and just set them all ahead as I go to bed on Saturday night.  I don’t see 2am quite [...]

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6

Mar

Naperville, IL - Chicago’s Western Suburbs - Real Estate Information - February 2009

Posted by Michael Long  Published in Market Update, Naperville

Let’s take a look at how things have been going in the Naperville, IL real estate market as of end of February, 2009.
The total number of single family homes for sale in Naperville is 1,063 and that number is down 4% from last year (1,110.)  When looking at number of properties under contract in February [...]

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2

Mar

Tax Form for First Time Home Buyer Credit - Form 5405

Posted by Michael Long  Published in Things You Should Know

So, thanks to previous posts, we’re all familiar with the first time home buyers credit that is available.  Well, I now have the form you can use in order to claim it with your taxes.  Or the form that you can give to your accountant in case they don’t have it.
One of the great things [...]

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