Saturday, November 30, 2013

This Month in Real Estate November 2013

Park Ridge, IL 60068 - Current Housing Market

Citywide Services performed a recent appraisal in Park Ridge, IL 60068 and found some positive signs about the real estate market.

Median sales price for One-Unit Housing is up +4.5% over the prior year according to MRED MLS statistics.

Marketing time is down -8.4% and averages 134 days on the market.

There is currently 4.2 months of unsold inventory at current levels of absorption. This is a small oversupply.

Bank Owned Foreclosures & Short Sales accounted for approximately 21% of total sales in the last year.

One-Unit Housing sold for 92.4% of its original listing price.