With single family homes there is a little less then a year of inventory on the market in River Grove and about a year and a half of inventory on the market for condo's and other attached properties. Keep in mind though that I did not set any price ranges so these numbers include every property including foreclosures/distressed properties.
The current average market time (i.e how many days they've been trying to sell) for single family homes for sale right now is 256 days (232 for attached homes). As far as what's sold in the last year, the average market time for the sold single family homes are 183 and for sold attached homes are 172.
Home sales in River Grove increased in 2009 from 2008. Keep in mind though this is more than likely because of the first time home buyer credit, low interest rates, etc etc. Once the government stops backing mortgages (ending this March) we will probably see interests rates go up a bit. Also at the end of April the tax credit will end which will slow down the market.... more