Brookfield Illinois - slowly but surely this market is taking a turn for the better.  Consumer confidence is rising steadily. We are noticing more and more buyers creeping out of the woodwork to try and grab the great deals while mortgage rates are still exceptionally low and inventory of homes remains high. 

Why the turnaround? 

Well, market forecasters 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, steadily moving foward from there and steadily rising interest rates to follow.  Buyer's are in a great position to purchase a home at a great deal for a while yet.

Brookfield Market Report: March 1 - April 30, 2008

Single Family Residences:   21 SF 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.

http://www.RealEstateChicago.com