Tuesday, September 03, 2013

Inverness, IL 60010 Current Housing Market

Citywide Services performed a recent appraisal in Inverness, IL 60010 and found that Median sales price is down -10.0% over the prior year according to MLS statistics.

There was a total of 125 One-Unit sales in the last 12 months. 100 were traditional arms length sales, 9 were Bank Owned and 16 were Short Sales.

According to MRED MLS statistics for the last twelve months for MLS area 7167 Inverness the median sales price for One-Unit Housing decreased -10.0%, average marketing time declined -29.9% to 189 days on the market, and there is currently a 7.7 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 24% of total sales.

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