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

Current real estate market for the Logan Square neighborhood of Chicago

 Median prices are up and marketing times are down, things are looking good in Chicago's Logan Square neighborhood