How's the market holding up in Downers Grove, Il.?

Asked by Ron Knoll, Chicago, IL Tue Oct 14, 2008

I'm seeing really high market times and properties just sitting on the market. Are sellers being reasonable on market value? Just curious...

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Barbara L. O…, , Downers Grove, IL
Sat Jan 22, 2011
It all depends on the sellers, their motivation, etc. If they're in a financial position to wait, they're thinking they'll recoup their money in the future. Unfortunately, that's going to be quite a while. If people want to "go", and they're willing and able to price their home compellingly, they'll sell. Buyers are being driven by the "deal"/value. And with the interest rates already being compelling, there is action out there.
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Mary Volk, Agent, Downers Grove, IL
Fri Oct 15, 2010
Even though I feel the market is doing well in Downers Grove, sellers may still be holding on to the prices of a few years ago. We have seen prices adjust, and buyers are getting some good deals. Downers Grove has much going for it - LOCATION - close to the metra train to Chicago, within a few miles from three major expressways and two airports!
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