The chart shows the market activity in the town of Cicero in the last 30 days based on information from the MRED Multiple Listing Service.
There are currently 184 active listings of single family detached homes as of 06/09/2010.
The median list price is $119,900.00
In the last 30 days there have been 22 closed sales.
The median sales price was $87,375.00
At the current rate of absorption there are 8.36 months of unsold inventory in Cicero. This level of inventory is considered an over supply.
6 comments:
The market tanked because the houses were sold to people who had no intentions of staying in them. Many were illegals who,upon closing, took out home equity loans, filled their new trucks full of goodies bought with the equity loan proceeds and drove back to Mexico. Totally criminal. Because these thieves were given "liar loans", I've lost 17 years worth of equity.
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