.

Wilmette Homes are Selling

Forty-four Wilmette Homes, an above average figure, have gone under contract in the last month.

Forty-four Wilmette homes have gone under contract in the last 30 days. This is a higher number than average. This increased activity is definitely due to the time of year. The school year is ending and many people from the city, and out of town, are looking to get settled for the next school year in Wilmette. Four months is the average market time for these homes to go "under contract." Not bad, considering the average market time is much higher. 

This time of year typically has the most homes sold, and the most homes on the market. Very competitive time of year for anyone selling a home. There are currently 158 homes for sale in Wilmette, with an average market time of six months. In the last year, only 259 homes have sold in Wilmette. There are 158 on the market today. Wilmette real estate is in more demand than most areas. However, the supply is heavy and creates a real challenge for most sellers.

While homes are selling, prices remain a real issue. On average, homes are only selling for 90 percent of the original asking price. Price reductions are very common, with many people "searching" for their market price.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something