3rd Quarter 2011 Stats in for Homer Glen
ByClick the link to read about 3rd Quarter Real Estate Sales Stats for Homer Glen Homes, comparing 2011 to 2010 figures. There is good news and 
bad news.
The good news is that the volume of sales was up by a healthy double digit figure. It’s always a positive indicator when more people are buying than in the past – more activity will help clear out the overloaded inventory.
The bad news is that prices dropped, but at least the drop was in the single digits, unlike some other southwest suburbs. We don’t like to see these constant price drops, but this means value is still there for buyers, especially with our current interest rates. What many buyers don’t realize is that even at a lower price, higher interest rates might mean a higher monthly mortgage payment vs. today’s prices with these super low rates. I wrote a post about home buyers getting off the fence that shows some actual examples.
