Tuesday, July 29, 2014
Citywide Services performed a recent appraisal in Alsip, IL 60803 and found some positive signs about the real estate market.
Median sales price for Detached Housing is up +10.7% over the prior year according to MRED MLS statistics.
Marketing time is down -18.6% and averages 105 days on the market.
There is currently 5.1 months of unsold inventory at current levels of absorption. This is a oversupply.
Bank Owned Foreclosures & Short Sales accounted for approximately 43% of total sales in the last year.
Detached Housing sold for 94.1% of its original listing price.