John-

According to our MLS as of May 19, 2008:

There are currently 481 Active single family homes on the market in Arlington Heights with an average of 171 days and average list price of $529,109.

Of the properties that have sold in the past 4 months, there were a total of 68 single family homes with an average market time of 190 days and average sales price of $416,342 and a 95% List to Sales Ratio.

As you can see by this information Arlington Heights has a lot of inventory...at this pace (68 in 4 months) is just about 210 single family homes per year. Once we work through the inventory we will hopefully see a more normal market.

I hope this information helps.

Arlington Heights area is a very convenient area which you can live in a condo with a city life in down town Arlington Heights yet with a relaxing life in suburb single family home. It only takes 35-40 minutes form train station in down town Arlington Heights to Chicago Union station. Numerous shopping plazas locate in Arlington Heights down town and Palatine and Rand road intersection. Ann Taylor, Starbucks, movie theater, Spanish, Japanese, Chinese, Tai, Italian cuisine make Arlington Heights sophisticated. Single houses in Arlington Heights range from 300,000 to 700,000. Median price is around 399,000 with three bedrooms, two and half bath, and two-car garage. Email me if you would like more details: chiusilvia@yahoo.com. I am Licensed Realtor in Illinois.