Elk Grove IL Real Estate Review for ‘08 – Search for Homes

2008 Review for Elk Grove homes and Real Estate:

Single Family
Active listings:  124
Under contract:  12
Sold & Closed:  118
Average days on market:  205   

Condo/Towhomes
Active listings:  144
Under contract:  8
Sold & Closed:  101
Avg days on market:  194

What’s ahead for 2009 Real Estate in Elk Grove, Illinois?   If you want to sell, it is critical to price your home aggresively to have a shot.  People have sold, but they had to price accurately for the market.  The next few months will give us an idea of the overall attitude going into the Spring. With historically low interest rates and great prices, buyers should feel confident in making a move in Elk Grove – this is one of the best times ever to buy a home. 

Data from MRED MLS from 1/1/08 – 12/31/08 for closed listings.