How’s the Market
What Do Experts Believe the Spring Market Will Be?
Here are the pricing projections by several major entities:
Zillow believes we will not see a bottom in prices until the first quarter of 2012.
Standard & Poors thinks prices will drop %5 in the next few months.
JP Morgan Chase believes prices will depreciate 6 to 7% over the next six months.
Barclays says prices will fall 7% by the end of the first quarter of 2012.
Bottom Line
You may pay a hefty price for the convenience of not having your property on the market right now.
Evanston Percent of Sale Price to Original List Price
Wilmette Percent of Sale Price to Original List Price
Morton Grove Percent of Sale Price to Original List Price
Feel free to email me if you would like data on your community with the desired search parameters.