Wednesday, August 13, 2014

Homewood, 60430 - Current real estate market

Real estate appraiser Michael Walsh recently performed a single family appraisal in Homewood and has compiled these statistics. According to MRED MLS statistics for the last twelve months for MLS area 430 Homewood, the median sales price for Detached Housing increased +16.0%, average marketing time declined -11.0% to 113 days on the market, and there is currently a 5.0 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 34% of total sales.

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