Thursday, November 1, 2007

Day 1 Buffalo Grove Real Estate

As we close in on the last 2 months of 2007 the real estate market in Buffalo Grove & the surrounding areas are starting to cool.

-2 Single family homes came on the market ranging in price from $315,000-389,900
-1 Single family home went under contract with a list price of $350,000
-2 Single family homes closed at prices of $320,000 & $645,000

-3 Condos/Townhomes entered the market ranging from $139,900-250,000
-No condos/TH's went under contract
-4 Condos/TH's closed ranging in price from $155,000-252,000

The Federal Reserve lowered the Fed Funds rate yesterday by .25
The Federal Funds Rate is currently @ 4.5%

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