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Market Stats….

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CHICAGO MAGAZINE APRIL ISSUE has a very informative article about the buying moving up and the downsizer. It is definitely a “must read” because it details all the different locations from DuPage, Cook, to North Shore, Chicago, etc., and what the market has done to them statistically.

It is a fact that Chicago is down -30.4% overall in price since 2007. Homes are selling and we have seen a rise in sales, but for the most part the homes are still “on sale.”

The article goes on to list the stats of all prospective areas along with how much they have dropped since 2011, and how many days on the market it is taking to sell. I know some sellers out there are still stuck in the mode of….”do you know what it took me to build this,” or “I need to get out at least what I spent to remodel,” but I think after reading this article, it really defines where we are in our market, and realistically what a seller along with myself needs to do to make the sale.

For more information about this, please feel free to contact me at your earliest convenience, and I would be happy to send you a copy/
Mary Lou Scala
Broker Associate, ABR, CNC,GRI, SFR
630-915-3373
www.marylouscala.com


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