Schaumburg Real Estate Market Update - 08/04/08

The Schaumburg real estate market is still a "buyer market" and there are many good buys out there. Anyone thinking of buying a home should consider this a prime opportunity to purchase. Interest rates are still very low and many experts believe interest rates will rise to above 7% by next year. Interest rates are the number one factor in determining how much buying power you will have. Below are the current market stats for Schaumburg.

Schaumburg Single Family Homes

Lowest Priced Home: $204,900 for foreclosure 4 bedroom 2 bath home
Highest Priced Home: $2,495,000 for a 5 bedroom 5 1/2 bath new construction home

Current Active Listings: 237
Currently Under Contract: 34
Closed Sales in Past 90 days: 50

Schaumburg Attached* Homes

Lowest Priced Home: $95,000 for a studio condo
Highest Priced Home: $675,900 for a luxury 2 bedroom 3 and 1/2 bath townhome

Current Active Listings: 482
Currently Under Contract: 60
Closed Sales in Past 90 days: 87

For more detailed information about Schaumburg Illinois visit SuburbanHouseHunters.com.

*Attached homes are either condos, townhomes, or coach homes.