Thursday, October 31, 2013

This Month in Real Estate October 2013

Real estate prices up +3.0% in Homer Glen, IL 60491

Citywide Services performed a recent appraisal in Homer Glen, IL 60491 and found that Median sales price has increased +3.0% over the prior year according to MLS statistics.

There was a total of 247 One-Unit sales in the last 12 months. 168 were traditional arms length sales, 44 were Bank Owned and 28 were Short Sales.

According to MRED MLS statistics for the last twelve months for MLS area 500 Homer Glen the median sales price for One-Unit Housing increased +3.0%, average marketing time declined -21.4% to 177 days on the market, and there is currently a 8.7 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 30% of total sales.