Chicago and Suburbs Real Estate Chatter - What Your Market Buzz?

Asked by Christina Moscinski, Saint Petersburg, FL Tue May 13, 2008

In evaluating Brookfield's market recently, I have found there to be a slight upturn in Buyer interest lately.

Market forecasters overall are reporting that the real estate bubble is coming to an end and come Summer 2008, we will see an upward turn in homes sales and steadily rising interest rates to follow.

Our area Buyer's know they are in a great position to purchase a home at a great price and Buyer Agents are negotiating some great deals for them.

Brookfield Market Report: March 1 - April 30, 2008

Single Family Residences: 21 Units Sold
Average Market Time: 153 days
Average List/Sales Ratio: 94% (of asking price)
Up from 93% in September 2007.
Average Sales Price: $217,180
Down from $224,000 in September 2007.


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