February 2012

The table below shows the difference between the sale of Homer Glen homes in 2011 vs. 2010.

Like many surrounding suburbs, the amount of sales went up in 2011 compared to 2010. There was an 8.6% increase in single family Homer Glen homes sold.

Similar to many other towns, Homer Glen showed a 5.8% decrease in average sales price. Some areas are showing double digit decreases so it could be worse, but prices are still dropping.

This means that if you're a buying in Homer Glen this is a great time to make that purchase with current low interest rates and low

I rarely give out links to other websites as I usually present local real estate statistics and things that I can write a full blog post on my own without outlinking to other sources. But I happened to find an interesting article with a map showing negative home equity in all 50 states.

Since I own an Orland Park home (a Homer Glen home with an Orland Park address) plus own a 2nd home in Scottsdale, AZ, it was interesting to see how those states stacked up. When you link to the map, you'll notice that Illinois has 21-30% of negative equity mortgages. This means that 21-30% of Illinois home owners that have a mortgage owe more than what their home is currently worth.

In Arizona, that figure jumps to 41% and up, which was not surprising. That was the