Pending Home Sales are The Highest Level Since March 2007

Pending Home Sales are at the Highest Level Since March 2007. Short Sales and Complex Appraisals are causing delays in home sales from closing.

County # of Pending Sales # of Pending Short Sales % of Total Pending Sales # of Short Sales Pending 100 + Days % of Short Sales Pending 100+ Days
Cook 5689 1058 19% 700 66%
Lake 1039 221 21% 169 76%
Dupage 1169 205 18% 169 82%
Mchenry 578 156 27% 116 74%
Will 1116 156 14% 136 87%
Kane 820 169 21% 135 80%

Summary:
Short Sales represent 14%-27% of all Pending Sales in all five counties.
66%-87% of all Short Sales are taking 100+ days to close.

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