Tuesday, July 29, 2014

Asip, IL 60803 - Current Housing Market

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.