November Home Sales See Increase From 2011

Rolling Meadows and Prospect Hts. led local suburbs in sales of single-family detached homes, increasing 133% in November 2012 compared to November 2011.

According to numbers provided by the Mainstreet Organization of Realtors, overall in suburban Chicago, sales increased 35.6% with the sale price going up 3% from the previous year. In addition, there were 54% more homes under contract in November 2012 than in 2011.

In Rolling Meadows, 14 homes sold this year in November with only six in 2011. Those homes averaged $205,319 in price, an increase of 27.3% from last year’s $161,333. By contrast, in Prospect Hts., the seven homes sold this year, compared to three last year, went down in average price to $244,500 from $395,000, a decrease of 38.1%.

Mt. Prospect was next, increasing sales from 17 homes to 33, or 94.1%. Homes in that village went down in price by 7.2%, dropping from an average of $256,141 to $237,659.

Buffalo Grove saw a 78.6% increase to 25 homes at a price increase of 23.4% to $326,920. Palatine went up 72.2% to 31 homes at an average price decrease of 14.6% to $255,880.

Golf-Glenview had 43 homes sell in November 2012, up 65.4%, while prices dropped 12.1% to 436,696. Elk Grove Village also went up 50% to 15 homes but prices went up 11.4% to 242,476. Des Plaines also went up 39.3% to 39 homes at a 3% drop in average price to 198,766.

In Arlington Hts., 45 homes sold, an increase of 25%, while prices increased 6.5% to 305,155. Niles had a 14.3% increase, to 16 homes, while prices fell 6.9% to $242,881. Park Ridge had an 8% increase in number of sales to 27 while prices stayed even at $470,833.

Wheeling was the only town with a reduction in sales. Only 12 homes sold in the village in November 2012 compared to 16 in November 2012, a decrease of 25%. However, the average prices of those homes went up 49% to $200,875.

Rosemont recorded no home sales in November of either year.​

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