Monday, September 15, 2014

Current real estate market in Western Springs, IL 60558

Today real estate appraiser Michael Walsh takes a look at the real estate market in the Village of Western Springs using data from the MRED MLS and finds lots of activity in One-Unit Housing, this includes both attached and detached homes.




In the last 30 days there were 31 new listings for One-Unit Housing, there were 21 closed sales and 19 listings went under contract.

In the last twelve months the median sales price for One-Unit Housing increased +7.7%, average marketing time declined -15.7% to 91 days on the market, and there is currently a 4.12 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 9% of total sales.

Friday, September 12, 2014