Monday, November 24, 2014
Single family home prices are up in Brookfield, IL 60513
Today Chicago area real estate appraiser Michael Walsh takes a look at current housing statistics in Brookfield, Il and fnds prices are increasing and marketing times are down.
According to MRED MLS statistics for the last twelve months for MLS area 513 Brookfield, the median sales price for Detached Housing increased +16.6%, average marketing time decreased -26.7% to 66 days on the market, and there is currently a 3.6 month supply of inventory. This level is considered a in balance. REO & Short Sales account for approximately 27% of total sales. (see attached MLS statistics.)