Homes in Rosemont continue to see high demand amidst low prices and foreclosures galore! A total of 49 units sold this month, an overall unit volume increase of 53.1% year over year. Almost 4 out of 5 sales are now distress sales. 36 foreclosures, 3 short sales and 10 non-distressed homes closed escrow this February. The 10 non-distressed homes show no change year over year, but foreclosure sales are up by 80% and short sales up by 50% for the same period.

Sold price per square foot is currently at $121.17 a drop of 21.7% year over year from its high of $153.93. Average sales price is also down 18% from $210,070 to $172,049. Median sales price is down 12% from its high of $204,500 last February to $179,900 this month.

Inventory is at 3.1 months no matter how you look at it, an indication of the strong demand for homes in Rosemont.

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