3rd QTR Sales by Category
Based on the charts shown above, we can see
that distressed sales are making up a smaller
percentage of today’s real estate transactions.
That is a great sign, as it shows that the general
health of the real estate market is improving.
In the 3rd quarter of 2012, short sales made up 13% of the sold properties. In the same time period in 2013, short sales only accounted for 9% of the total sales.
Likewise, bank owned transactions dropped from 30% of the total transactions down to 25%.
So even though distressed sales are still a big slice of the pie, that slice is getting smaller every year. This is a great sign.
Also, it is interesting to note that the total number of sales was greater in 3rd quarter 2013 versus 3rd quarter 2012.
Well that’s all for now…
If you have any questions regarding the Chicago
real estate market, please send me an e-mail: mark@markkillion.com
Until the next time,
Mark Killion
RE/MAX Premier Properties
1205 N Dearborn
Chicago, IL 60610
Visit me online: www.773property.com
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