Price Reductions in 2011 by Illinois’ Counties

There have been some interesting pricing fluctuations from the end of winter and into the spring season. Across the board in all six Chicagoland counties, March has seen the highest number of price reductions. April has the second-highest, January has the third-highest and February, the fourth-highest.

Overall, it seems to indicate that Chicagoland agents go for competitive pricing to start out the year, keep their listings at the same price for February, and then make price reductions to catch the spring market in March and April.

Also interesting is that where DuPage and Kane are near the bottom of the stack in each month, McHenry, Cook, and Lake are consistently higher. That could indicate more aggressive action to make listings stand out and move them in those counties.

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